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From Payless to Charlotte Russe: These Shoe Sellers Have Gone Bankrupt in 2019 — Here’s Why

The retail-pruning phase is no overnight process.
The frantic wave of retail bankruptcy filings and liquidations that started around 2016 saw dozens of mainstays, including The Sports Authority, The Limited, Toys R Us and Eastern Mountain Sports, hang up their hats. More often than not, struggling firms counted massive debts, the rise of Amazon, overall digital disruption and consumer shifts toward experiential spending as the biggest factors leading to their demise.
More recently, however, with companies like Walmart, Target and Nordstrom leading the way, many retailers seemed to have found their footing — implementing omnichannel-savvy concepts and upping their in-store experiences.
Still, others continue to trickle into bankruptcy court, citing much of the same challenges as those that preceded them.
Here, less than three months into the year, we round up four shoe sellers that have gone bankrupt in 2019.
Charlotte Russe
The teen mall staple filed for Chapter 11 protection in early February with plans to shutter about 94 of its 500 stores and continue the business as a going concern. The retailer’s efforts to secure a buyer and stay in business, however, fell short, and last week, it announced plans to shut down its website and close all remaining stores. In a bankruptcy declaration

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Via:: https://footwearnews.com/2019/business/retail/retail-bankruptcies-2019-payless-charlotte-russe-gymboree-1202760079/