![]() ![]() Forever 21 also filed for bankruptcy that month and said it will close up to 178 stores. The majority of those were because of Payless, which filed for its second bankruptcy in February and shuttered 2,100 US stores.ĭiscount chain Fred’s filed for bankruptcy in September and closed 564 stores. Payless, Gymboree, Charlotte Russe and Shopko all filed for bankruptcy and closed a combined 3,720 stores, according to Coresight. Bankruptcies in the retail sector intensified this year and many struggling chains cut stores. This year, US retailers announced 9,302 store closings, a 59% jump from 2018 and the highest number since Coresight Research began tracking the data in 2012. 2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy. ![]()
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