Wet Seal has fallen victim to the teenage retail wasteland. Unable to find extra capital or a buyer since they filed for bankruptcy in 2015, the struggling retailer has been forced to close all of its remaining 171 stores throughout 42 states. The announcement closely follows news that The Limited and American Apparel have also been pushed to close down their retail locations. Although the future of youth-targeted retail seems bleak, we predict that retail shifting to more select experiences could be brick-and-mortar’s saving grace. (Wall Street Journal)
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