Wet Seal
After filing for bankruptcy in 2015, the teen fashion brand shut down all 171 of its locations. Seeing as there is less foot traffic at malls along with rising pressure from competitors like Zara and H&M, Wet Seal didn’t stand a chance.
Wet Seal
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Starbucks
One of the many chains being hit with a rough patch is the coffee giant, Starbucks. This isn’t as alarming since the chain tends to open and close a huge amount of stores every year to constantly movie into the most profitable markets and leave the rest behind. However, this year, they’re closing 150 stores. The company actually announced this plan back in 2017 and said it’s because of poor growth rates.
Starbucks