Large Retailers Which Have Filed For Bankruptcy
Perfumania
Perfumania is a leading retailer of designer and brand name fragrances, which they sell at discounted prices. They boast hundreds of locations in malls and shopping centers, as well as an e-commerce arm that sells their products on their website. In August 2017, they filed for Chapter 11 bankruptcy, citing increased debt and declining sales due to supply chain issues and increased operating expenses. They are since shifting their focus on their online presence to sell online, which would considerably drive down their overhead while increasing sales in this increasingly online shopping-focused world.
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