According to Internet Retailer, 15 retailers in the Digital Commerce 360 Top 1000 declared bankruptcy in 2019. All 15 filed Chapter 11, which allows a company to restructure and reorganize assets, often resulting in continued operations or acquisition. Of the 15 that filed, eight were acquired, five are still operational (Avenue Stores, Destination Maternity, Diesel USA, Forever 21, FullBeauty Brands), one was liquidated and assets sold (Barneys New York), and one shuttered operations completely (Payless Shoe Source). The 15 companies are as follows:
A’Gaci FTD | FTD |
Avenue Stores | FullBeauty Brands |
Barneys New York | Gymboree |
Charlotte Russe | Payless ShoeSource |
Charming Charlie | Sugarfina |
Destination Maternity | Things Remembered |
Diesel USA | Z Gallerie |
Forever 21 |