Struggling teen apparel retailer Wet Seal is suddenly closing all 148 of its U.S. stores. It joins Limited Stores this month as yet another victim of the rapid shift in consumer buying habits that is hitting store chains hard.
Amid difficult days for apparel companies, embattled teen retailer Aeropostale as expected has filed for Chapter 11 bankruptcy protection, and plans to close 113 U.S. stores. It joins other recent companies including Sports Authority and Vestis Retail Group, owners of Sports Chalet, Eastern Mountain Sports and Bob’s Stores.