Wet Seal Throws in the Towel as Retailer Distress Ramps Up

Former trendy fashion clothing retailer The Wet Seal LLC became the latest mall-based retailer to succumb to changing consumer buying habits. The company this week filed for Chapter 11 bankruptcy and is holding going out of business sales at all of its 171 stores in 42 states. It is the chain’s second trip through bankruptcy court in two years. And while fashion retailers and department stores have been the hardest hit by changing consumer behavior…
National Commercial Real Estate News From CoStar Group

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