They’re calling it the “retail apocalypse.”
Traditional brick-and-mortar retailers are declaring for bankruptcy at a record rate, according to a new financial report from S&P.
Sears, Payless ShoeSource, RadioShack, and Gymboree are among the once-prominent retailers who have filed for Chapter 11 recently. In the past three months, 14 chains have announced they will seek court protection, almost surpassing all of 2016, according to Bloomberg.
Meanwhile, hundreds of other retailers are closing stores…