A chain clothing store recently decided to file for bankruptcy. The move to file for Chapter 11 bankruptcy protection came after The Limited, which sold women's apparel, closed all 250 of its brick-and-mortar stores. This is just one retailer that has fallen victim in recent years to online competition and changing tastes among customers in Massachusetts and elsewhere.
The retailer started out as one store over half a century ago. It ended up having to close its doors due to declining traffic in malls, slipping sales, costly leases and the move toward shopping via the internet. Other retailers that have filed for bankruptcy during the past year are American Apparel, Vestis Retail Group, Sports Authority, Aeropostale Inc. and Pacific Sunwear of California Inc.