Claire’s, the retailer that keeps teenage girls well-accessorized in bangles and bling, filed for Chapter 11 bankruptcy protection in March and said it would close 92 of its stores this spring. The company says it has been hurt by dying malls, competition from big-box chains (like Target) and “the increased popularity of online shopping.” (What else?)
17. Winn-Dixie and Bi-Lo
Supermarkets are not immune from the forces shaking up retailing. Smaller grocery chains are being squeezed out as Americans do more of their food shopping at dollar stores, Walmart and Amazon’s Whole Foods. Amid that backdrop, Southeastern Grocers has filed for bankruptcy and has announced it’s shutting down nearly 100 of its Winn-Dixie, Bi-Lo and other supermarkets in seven southern states.