The latest fashion retailer to shut its doors? Max Azria’s BCBG, which announced today that it plans to close many of its brick-and-mortar shops as it shifts its focus to the ever-growing e-commerce market. According to Bloomberg, the company will also concentrate on licensing, e-commerce, and selling through other retailers.
BCBG is not alone. Last year, popular teen retailers Pac-Sun and Aeropostale filed for bankruptcy; earlier this month, the American Apparel saga began to wind down with the closing of all of stores and massive layoffs; and just a few days ago, The Limited Stores Co. filed for bankruptcy after it began closing its stores earlier in the month. With new e-commerce ventures popping up daily and even the newest brands (complete with fresh new perspectives) building out shopping on their sites, the competition is steeper than ever.