Clothing Brands That Are On The Verge of Vanishing Completely
Ever since the pandemic shook the world, many clothing brands have struggled to stay alive and are on the verge of collapsing. Would you like to know which clothing brands will most likely not be around? Then you should check out this article that covers all the clothing brands struggling to keep afloat. Many of the brands you have come to love are in danger of going out of business, and the pandemic isn't the only thing to blame it on, as many of these clothing brands are coming out of style, and people are looking for something new.
Even the big named clothing companies such as Victoria's Secret have been in danger as the times are changing. You will be pretty surprised by the number of clothing brands that are close to going out of business. If you want to learn more about these clothing brands, check out this article that covers clothing brands on the verge of vanishing entirely.
True Religion was one of the most popular denim jeans at one time, but now they are struggling to stay alive. True Religion jeans are premium jeans that almost everyone knew about, but since the pandemic and people losing interest in the brand, the company has accumulated massive debt. In 2017, the company had to file for chapter 11 bankruptcy and had to close down several stores around the country.
And when the pandemic hit, the company was forced to close down even more stores because the debt just kept piling up. Amazingly, the company is still around thanks to online sales, but who knows how long that will last.
Diesel is another famous denim brand that has recently been struggling even though it was one of the best-selling a couple of years ago. In 2019, the company had to file for bankruptcy as its sales were low, and they were accumulating a lot of debt. Diesel had to close down 30 of its stores around the country and is looking to size down the company to survive.
Diesel is on the brink of going under as they invested over $90 million into stores, but the result had little to nothing to show for it. This put Diesel in a difficult position, but they are still doing all they can to keep some stores open.
Charlotte Russe is a women's clothing brand that has been seeing some rough times lately as the online market has been overshadowing the company and making it hard for them to stay in business. Since Charlotte Russe focused mainly on storefronts, they saw a drastic decline in sales and had to file for bankruptcy in 2019.
Charlotte Russe had to change its tactics and started investing more into online sales to compete with its competitors. The company was recently bought by YM Inc, which is trying to keep the company alive and opening more storefronts as a last-ditch effort.
Payless Shoesource has been around for years and is a store you would see in almost every shopping mall. Sadly, the company has been going through rough financial times since 2017 when it filed for bankruptcy. But the pain didn't stop there as the company had to file for bankruptcy a second time in 2019, which was the beginning of an end.
Payless still has some stores open around the country, but they have recently announced that they will be shutting down all their shoe stores in the near future. This shoe store will be missed because it always had the best deals and quality shoes.
Nine West is known for making some of the most stylish women's footwear and handbags, but the company has recently struggled to meet its sales goals and racked up a considerable amount of debt in the process. In 2018, the company had to file for bankruptcy and revealed the actual situation that they were in.
Nine West had accumulated over $1 billion in debt, and when the pandemic hit, it didn't help things at all. Since filing for bankruptcy, the company has had to close all of its storefronts but is still staying afloat due to its online sales.
A'Gaci is another women's fashion clothing brand that has been having some problems ever since it had to file for bankruptcy in 2018. The company had issues with poor sales, debt, and internal problems. Although A'Gaci was one of the top-selling clothing brands, its internal problems were too big to ignore.
When the pandemic hit, A'Gaci had to close down many of its storefronts and tried to focus on creating a better online presence. If online sales increase, the company may be saved, but it depends on how well the online sales perform. Only time will tell if this clothing brand can last.
Rue21 has some of the most trendy clothing but, for some reason, has been struggling in sales over the past couple of years. In 2017, Rue21 had to file for chapter 11 bankruptcy and had to close down over 400 stores around the country. This was due to a lot of debt that the company accumulated, but luckily, the company was able to get its debt loan reduced and focus on building back up.
Rue21 went through a whole transformation and still has many stores open around the country, but the main thing they are focusing on is online sales, which is where the money is at.
Wet Seal was one of the top fashion brands, but since they had to file for bankruptcy in 2017, things have been rough financially for the company. They had to close down over 300 stores across the country to stay alive for as long as possible.
The company was eventually bought by Gordon Brothers investment firm that closed down the rest of the stores but kept the brand alive through online sales. Wet Seal clothing can still be bought online, but you won't see any stores in malls around the country.
American Apparel has been around since 1989 and is one of the more popular clothing brands that can be found in shopping malls. Sadly, since they filed for bankruptcy in 2015, the company has been struggling and was eventually bought by Gildan Activewear for $88 million in 2017.
Since then, the company has shut down all its stores around the country and dedicated its resources to online sales. American Apparel is still making new clothing and doing pretty well, even though all its storefronts are closed. Hopefully, the company will make it through these rough times.
Forever 21 has been around since 1982 and is one of the top-selling clothing brands in the world. But recently, Forever 21 filed bankruptcy in 2019, and since then, the company has been on shaky ground. Forever 21 has always been known for its trendy and relatively cheap clothes that have kept up with the times, but this wasn't enough to make ends meet.
After the company filed for bankruptcy, it had to close down stores in over 40 countries worldwide. The company has announced that it is going out of business but continues to sell clothing online.
PacSun is another trendy clothing brand that has seen better days. PacSun was the place that every teenager wanted to get clothes from as it sold stylish and fashionable clothing for a reasonable price. Things have changed for the company recently as they had to file for bankruptcy in 2015, and now the money has gone dry.
PacSun had to close down most of its stores as they have filed for bankruptcy three times. The company is still selling clothing online and reaching good sales numbers, but only time will tell if this clothing brand survives.
Quicksilver was one of the top sports action clothing brands that were just about everywhere in the world; it was founded in 1969 and offered some of the trendiest clothes. Sadly, Quicksilver is only a fraction of what it used to be as the company was focusing too much on opening stores and selling only surfer-style clothing. This resulted in the company going bankrupt in 2015, leading to many stores closing worldwide.
Now, Quicksilver has been rebranded and is now named Boardriders Inc. The company still focuses on surfer apparel and is selling most of their product online. Sad to see this excellent clothing brand go.
Caché is known for its fashionable women's clothing and was quite popular at one time, but things have been going south for the company since 2015 when they had to file for bankruptcy. There was a problem internally with where the money was going, which led to the main reason the company wasn't breaking even.
Caché had to close over 200 stores around the country and was left with only a handful to manage. They took the rest of the money they had and renovated the remaining stores. Caché is still around, but you won't find many stores in your local malls as they have switched to online sales.
Everyone knows that Victoria's Secret is the most popular lingerie brand that has been around since 1977 and offers women some of the sexiest lingerie on the market. But recently, the company has been struggling to make sales as they had to close down over 250 stores in the US and Canada alone.
The pandemic was most to blame as Victoria's Secret only made 46% of the profit they usually rake in. Although the company is on the decline, they have looked into the issue and rebranded into something new. In the end, Victoria's Secret probably has nothing to worry about, but we will see what lies ahead for them in the future.
GAP is another popular clothing brand store that has been around since 1969 and offers people some of the most trendy clothes there is to offer. But for quite some time the company has been going through some rough times and the end is almost near for this company. They have closed over 250 stores since they filed for bankruptcy and only have a handful left throughout the country.
GAP has been focusing on improving its stores that are still open and looking to expand its online market, but it seems to only be a matter of time before this company has to shut it all down.
An H&M store was in every shopping mall a couple of years ago, but since the pandemic, the company has been struggling to make ends meet. As a result, H&M closed down over 250 stores in 2021 and has started to focus on selling online since that seems to be the only way to survive these days.
The company still has over 4,000 stores worldwide but has seen a decline in sales and is looking for new ways to promote its trendy clothes. H&M is hopefully looking to the future and is not too worried about going under.
Guess is another reputable clothing company that just isn't doing well after the pandemic. In 2020, Guess announced that they would be closing down over 100 stores worldwide due to a lack of sales that they have seen over the years. The company is hoping that it can downsize and start focusing on online sales so that it can break even.
It is surprising to see such a popular clothing brand being threatened with having to close its doors due to sales, but this is sadly a common thing among clothing brands that are trying to make it through a rough economy.
Abercrombie & Fitch
Who would have thought that Abercrombie & Fitch would be in a dire position as they were one of the most popular clothing brands in the world? Well, sadly, Abercrombie & Fitch is facing a dilemma and has started closing down its biggest stores around the globe. The company is looking to downsize as much as it can in order to survive this financial crisis.
Abercrombie & Fitch is looking to focus more on the small number of storefronts they have open and make its website the primary source of income. Since the pandemic, every major company has had to resort to the online market.
Roberto Cavalli is one of the top fashion designers but has recently seen a decline in sales from his storefronts. This resulted in the company having to file for bankruptcy in 2017, which led to all American stores being closed down. This was quite surprising as Roberto Cavalli is the inventor of sandblasted jeans and is known for his trendy looks.
The company was bought by Hussain Sajwaini, who still has kept a majority of the stores open overseas even though it is not as popular as it was when it first started. This company will most likely survive as Roberto Cavalli is still in control of all the designs.
Vanity was another clothing brand store that was in almost every shopping mall across the country, but now they are nowhere to be found. In 2017, Vanity had to file for chapter 11 bankruptcy and close down a large majority of its stores. It wasn't until the pandemic hit that Vanity had to close its doors for good and shut down all of its stores.
Instead of switching to an online store, Vanity decided to cash out and sold the rest of its inventory to other clothing brands at a discount price to get what they could out of it.
When it came to high fashion, BCBG was one of the top women's clothing brands out there at one time. But recently, the company has been seeing a steady decline in sales since it filed for bankruptcy in 2017. The once trendy women's fashion brand was bought by Marquee Brands and Global Brands Group Holding Ltd., which kept most of its stores open and has resorted to having the brand sold in stores such as Macy's.
BCBG is still pretty popular in several foreign countries, and the company is looking to try to keep themselves afloat through this rough time, but things don't look so bad for BCBG as they are still a reputable brand.
The Limited is a clothing brand that was pretty popular just a couple of years ago but is going through a rebrand since the company wasn't getting the traffic that they were before. The company filed for bankruptcy in 2017, a famous year for most clothing companies that were going under and, as a result, were bought out by another company that wanted to do something new.
The Limited ended up closing down all of its 250 stores around the country and decided to make an online-only store that offers regular and plus sizes for sale and has been doing quite well since.
Aeropostale was the place to go if you were a teenager from the late 1990s to the early 2000s as they sold some of the trendiest styles that everyone wanted. Since then, the company has seen better days and in 2016 they almost lost everything as they had to file for bankruptcy.
A large majority of the stores were closed across the country, but luckily they were bought out by another company that wanted to keep the company afloat. You may not see as many stores in shopping malls, but Aeropostale is making a comeback, mostly because of its online store.
Barneys New York
Barneys New York is one of the oldest clothing brands that has recently been faced with the possibility of disappearing forever. The clothing brand started in 1923 in New York and was one of the best luxury stores that New York had to offer. Over the years, the company grew into one of the most desired brands to wear, but in 2019, it had to file for bankruptcy as it ran into financial problems.
This resulted in several stores closing down, and they have been selling off most of their products to other luxury clothing stores. But luckily, Barneys New York knows how to deal with this type of situation as they went through a spook in 1996.
Avenue is another clothing brand store that has been going through some rough times as sales have been declining the past couple of years. The company focuses on selling clothing for plus-sized women and did well before the pandemic hit. Avenue had to file for bankruptcy in 2019, as they saw that people were buying more clothes online, leading them to close down several stores.
Avenue was faced with a significant competitive market in plus-sized women's clothing and decided to focus more on online sales, which have kept the company going, but who knows how long that will last?
Sonia Rykiel was one of the top French fashion designers that started her clothing brand in 1968. Sonia Rykiel has been the place where every high fashion woman wanted to shop, but since the company filed for bankruptcy in 2019, things have looked quite different. Sadly, the company hasn't been doing well since Sonia Rykiel passed away in 2016, and when the pandemic and bankruptcy hit, it was the beginning of the end.
The company has recently closed down all its stores and is not even looking to sell products online. This is another excellent clothing brand that you won't see around anymore.
The British are known for making some of the best women's luxury shoes, and Charlotte Olympia was the top seller at one time. The company focused on making women's luxury shoes that were designed after the boots from the 1940s and 1950s. But sadly, the company had to file for bankruptcy in 2018, which resulted in all of the stores in the US being closed down.
Although Charlotte Olympia still has stores in the United Kingdom and an online presence, it isn't making the money it used to. Only time will tell if this famous luxury shoe brand will survive.
One of the only stores to focus primarily on yoga apparel was Yogasmoga, based out of New York and quite popular a couple of years ago. But things didn't work out for the company after it filed for bankruptcy in 2016. Yogasmoga owed a considerable amount of money to its debtors, resulting in the company shutting down all of its stores.
You will not find the brand Yogasmoga anywhere, as the company had to liquidate everything to fully pay off its debt. Most of the remaining products they had were sold to discount retailers in order to get as much money as possible.
Nasty Gal was labeled the fastest growing clothing brand in 2006, but now it is not as popular as it once was. Nasty Gal is where you can find all the trendiest clothing for women, and it ended up being bigger than the founder ever thought it would. Sadly, the company had to file for bankruptcy in 2016 since the company started losing sales.
The only way to save the clothing brand was to sell it off to another company, and it was bought out by one of its revivals that kept the store alive, but only online.
Francesca's is another popular clothing brand store that had to close several stores due to the pandemic. The company had to file for bankruptcy in 2020, resulting in 170 of its stores closing. There are around 700 stores around the country, and the company is looking to keep them open but has considered rebranding.
The women's clothing store is looking to focus more on online sales and is hoping things will bounce back once the economy gets better. But the company owners are not sure if they will be able to keep up with new and upcoming clothing brands.
Everyone knows of Banana Republic as they have built a strong reputation for offering people some of the most fashionable clothing. But they have recently announced that they will be closing down over 130 stores in the US alone. This is pretty surprising as Banana Republic is one of the most famous names in the clothing business. Still, sales have been declining ever since the pandemic, and everything is switching to online sales.
Banana Republic hopes that downsizing the company will help them in the long run and help them overcome this financial crisis. Banana Republic is also looking to expand its online store as that is one of the only ways to survive.
American Eagle Outfitters
American Eagle Outfitters is a world-famous clothing brand that was hit pretty hard when the pandemic rolled around. Since the company's sales have fallen more than 15%, it had to close down over 500 stores worldwide to stay alive. This is another clothing brand that was one of the top just a couple of years ago but now is seeing some hard times, mainly because the economy isn't looking so good.
American Eagle Outfitters is trying everything to keep the company from going under, and they have been focusing more on selling online. Hopefully, this brand will stay alive as they offer some of the trendiest clothing.
Lord & Taylor
Lord & Taylor has been around for more than 194 years, but sadly it recently announced that it will be shutting down all its stores as they are going out of business. The company announced its demise in 2020 as the pandemic hit them hard and they didn't have the funds to survive.
Lord & Taylor offered people affordable high-end clothing that was quite popular for several years. Still, the long-standing company had to throw in the towel due to the economy and the pandemic. Lord & Taylor will be missed, as it was one of the longest-lasting clothing brands in the US.
Another top-end clothing brand that has been struggling is Zara, known for its high-fashion women's clothing. The company announced that it would be closing down over 1,200 stores worldwide and are looking to focus more on online sales. Zara was hit hard when it came to the pandemic, and it seems that they are not able to recover from it.
Zara still has several stores that are open around the world, but only time will tell if the company will survive its financial crisis. This is another multimillion-dollar clothing company that might go under in the coming years.
Chico's was one of the top-selling women's clothing brands just a couple of years ago but is facing some hard times due to the pandemic and shifting to online sales. In 2019, Chico's had to file for bankruptcy and close over 250 stores. Chico's saw a drastic decline in sales and realized they were accumulating too much debt.
Chico's is looking to downsize the company and ride the wave to see if the economy gets any better in the near future. They are now focusing on online sales, which should keep them alive.
Express has been around since the 1980s but recently, they have announced that it will close the remaining stores by 2022. Express offered some of the best clothing for young men and women, but since it filed for bankruptcy in 2019, the company has been dealing with rough times.
The company started noticing a decline in sales ever since the internet became the primary source for buying clothing, and when the pandemic hit, that just made things even worse. You can still find a couple of stores around the nation, but they will all be gone by late 2022.
Nordstrom was founded in 1901 and is one of the biggest clothing stores in the country. In 2020, Nordstrom announced that they would be closing down 19 stores across the country due to a significant drop in sales. The pandemic is mostly to blame, but storefronts are noticing that there isn't as much traffic as before, primarily due to online sales.
So, Nordstrom has been investing money into their website to drive more sales. Although Nordstrom is in a rough spot, they have been through several, including the Great Depression, so the company should be fine in the long run.
When it came to maternity clothing, there was only one place to go, and that was Destination Maternity as they mainly focused on designing clothing for pregnant women. The company was doing exceptionally well just a couple of years ago but recently had been going through some financial instability. In 2018, the company had to file for bankruptcy as they were several million dollars in debt, and when the pandemic hit, things got even worse.
The company announced that it would be closing down all of its stores by 2022, so by now, there probably aren't any Destination Maternity stores around anymore.
Christopher & Banks
Christopher & Banks has been around since the 1950s and was one of the top stores to buy women's clothing. But recently, the company has been close to going under as they had to file for bankruptcy in 2021 due to a large amount of debt. This resulted in several store locations being shut down, and the company had to liquidate most of its products.
Now there are only five Christopher & Banks stores that are open with an online store that seems to be doing well for them. Hopefully, this old company has enough in it to stay around through these rough times.
Lucky Brand Jeans
Lucky Brand Jeans has been around since 1990 and were some of the most popular denim jeans right next to Levi. Over the years, the company has seen a decline in sales as the competitive market has grown astronomically and they have struggled to compete. In 2020, the company had to file for bankruptcy as the sales were insufficient to break even.
This resulted in several stores shutting down and made the company look into rethinking its strategy. Luckily, Lucky Brand Jeans is still alive and has several stores across the country, so this brand should be around for quite some time.
J. Crew is yet another clothing brand store that filed bankruptcy in 2020 due to a loss in sales during the pandemic. The company was one of the largest that supplied people with high-end clothing, but after filing for bankruptcy, things are looking quite different.
The company announced that they would be closing down eight stores permanently but are looking to keep the other 400 plus stores open. J. Crew is seeing a steady growth in sales and hopes the economy gets better so they can be financially stable. So we will probably see J. Crew stores around, but time will tell if they last.
Men's Warehouse has been supplying men with the best suits since the 1970s, but recently they have been struggling with sales and had to file for bankruptcy in 2020. Due to the massive debt that they accumulated, the company has had to close down several stores and is looking to downsize in order to survive.
The pandemic is mostly to blame as nobody really bought suits for a good two years, which impacted Men's Warehouse significantly. There are still several stores open around the country and they have expanded on online sales, so the future for Men's Warehouse looks bright.
One of the only kid's clothing stores on the list is Gymboree, which was pretty popular in almost any shopping mall around the country. But since they filed for bankruptcy in 2019, the company has been in a financial crisis. Gymboree had to close down over 800 stores in the US and Canada and ended up being sold to another company.
You can mostly find Gymboree clothing stores in malls, which are becoming a thing of the past. It probably won't be long until this brand disappears, as their current strategy won't last.
Missguided was known for not only its women's clothing but also some trendy men's clothes as well. The company was doing pretty well not too long ago, but the pandemic hit them hard. In 2021, the company had to file for bankruptcy and was eventually bought out by another company. The good thing is that the brand is still alive and still has a functional website where you can buy their clothes.
The future for Missguided is uncertain as the economy isn't looking the greatest, but hopefully, they will be able to pull through and provide the trendiest-looking clothes.
Crocs have been extremely popular and have become everyone's favorite footwear, but recently the company has been facing some hard times and have been scaling back on the production of Crocs. The company shut down two of its significant Crocs factories due to the pandemic. They also closed down a couple of stores worldwide to make ends meet.
But luckily, the company is looking to build more factories and start producing more footwear as the demand for them has risen. So, Crocs seems like they will be around for quite some time.
Roland Mouret is another famous women's fashion clothing brand that has seen better days as they have had to scale down significantly due to a loss in sales. Most of the stores during the pandemic made nothing, and the company decided to close down a majority of them to save money.
Roland Mouret resorted to selling their product on the Amazon marketplace as it was a more convenient way for people to buy clothes. You can still find a couple of Roland Mouret stores, but it won't be long until they are gone as online shopping is taking over.
Styles For Less
In 2017, Styles For Less filed for bankruptcy and have been in a rough position ever since. The clothing brand stores were found just about everywhere as they were affordable and had some of the trendiest clothes for teenagers. Styles For Less had to resort to the online market as they closed all physical stores in order to save money.
The good thing is that Styles For Less is thriving on the internet and has made it through the pandemic because of this. Hopefully, Styles For Less will be able to last through this rough economy as times are tough for every company.
Ralph & Russo
The pandemic was the main reason Ralph & Russo filed for bankruptcy in 2021, as sales were declining, and they were generating no revenue. It is a surprise since Ralph & Russo is one of the biggest names in the fashion industry, but people weren't interested in buying high-end clothing during the pandemic.
The company has been bought out by another company looking to keep the brand alive, but there is still uncertainty with the new owners as the market for high-end fashion clothes isn't popular right now. Ralph & Russo has the name and style behind it, so hopefully, this company will make a full recovery.
Pretty Green was a popular fashion store founded in Glasgow, Scotland, and offered men European-style clothing. Sadly, the company has been through some rough times over the past year as the pandemic killed their business. Although Pretty Green filed for bankruptcy and was bought out by another company, the brand still lives on and is sold only online.
So if you are still looking for trendy Scottish-styled clothing, this is still the place to get them, but it is unsure how long the brand will live on.
I hope you have enjoyed this article about clothing brands that are on the verge of vanishing.