Finance

Here are the 16 biggest bankruptcies of the ‘retail apocalypse’ of 2017

BCBG

BCBG

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BCBG Max Azria Group LLC filed for bankruptcy in March. The retailer said it would keep stores open as it restructured in an effort to better compete with fashion rivals.

“The steps we are taking now, to address the shift in customer shopping patterns and the growth of online shopping, will allow us to focus on our partner relationships, digital, ecommerce, selected retail locations, and wholesale and licensing arrangements,” Marty Staff, acting interim chief executive of the company, said in the statement.

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