BCBG Getting Ready for Chapter 11- Closing Hundreds of Stores

BCBG is in preparation to file Chapter 11 and restructure  itself. The company has reported that it will start closing 120 stores and hold liquidation sales. It will focus on its internet presence and focus on the operations end of the business.

Looks like the retailer is another victim of online shopping, where most consumers seem to be swiping their credit cards lately.

Photo credit:https://www.flickr.com/photos/tammymanet/3848983013/in/photostream/