1 / 11

Clothing retailers battling low sales and store closures in 2017

According to Business Insider, the company will close 108 Kmart stores and 42 Sears stores by April 2017. which makes up 10 per cent of Sears’ store base.
(Mike Mozart/Creative Commons)

These once-hot fashion brands are losing money and slashing stores

Unofficially called the ‘retail apocalypse,’ 2017 is a bad year for fashion brands so far.

From boutiques to department stores, thousands of mall-based retail locations are ceasing operations in a giant wave of mass closures and bankruptcies. As many retailers embrace e-commerce and move away from the brick-and-mortar model, here’s a look at some of the biggest brands of the last few decades that are — or may soon be — closing up shop for good.