Even before the recession of 2008, there were signs that the retail sector was in trouble. Many brands at the time didn’t view online as a threat, and when they began to feel the effects in the 2010s, it was too late for many.
Leveraged buyouts by private equity of the likes of J.Crew and Gymboree in late 2010, premised on growth overseas, soon faltered. Teen retailers such as Wet Seal and Delia’s, lacking loyal customer bases, filed for bankruptcy in early 2015 and late 2014, respectively.
Even
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