"We're sad to say that all The Limited stores nationwide have officially closed their doors," the company said in an online statement. "But this isn't goodbye. The styles you love are still available online — we're just a quick click away 24 hours a day."
Macy's is closing 68 stores and laying off nearly 4,000 employees, beginning in early 2017. Ultimately, the retailer plans to shut down about 100 stores, or 15% of its store base, over the next couple of years.
The closures come two years after Wet Seal closed 338 of its then-511 stores in January 2015, shortly before the company filed for bankruptcy protection. At the time, Wall Street analysts said that falling foot traffic at shopping malls played a major role in Wet Seal's death spiral.
The retailer is shuttering 120 locations, primarily in the US, the Star Tribune reported in early February. Currently, BCBG has 570 locations worldwide, and 175 in the US.
In January, BCBG told Bloomberg that it would shift its focus away from brick-and-mortar stores, and instead double down on e-commerce and selling the BCBG brand through other retailers.
Bebe's sales have been slumping in recent years. In the most recent quarter, the company reported that same-store sales dropped 10.5%, compared the same period a year ago, in which sales declined 2.5%.
In January, Reuters reported that Payless was working with attorneys to restructure debt worth roughly $655 million. Later in the month, Payless laid off 165 associates, including 110 employees at the Topeka corporate office, The Topeka-Capital Journal reported.
The future of American Apparel's stores remains unknown, following the retailer's acquisition by Gildan Activewear Inc.
Gildan did not acquire the chain's 110 locations when it bought the American Apparel brand. If American Apparel doesn't find a buyer, then these stores will likely be shut down.