13 retailers that are dying and taking the fashion industry with them (M, SHLD)

The retail apocalypse has descended on America.More than 3,500 stores are expected to close across the US in the next couple of months, with some of the most iconic American fashion brands shuttering locations.Retailers likeMacy's, Bebe, and Payless are all closing dozens ' or even hundreds ' ofstores in 2017.As mall traffic declines and e-commerce grows, many fashion brands have struggled to keep up.Here are 13 retailers that are disappearing across the US, as store closures sweep the country.SEE ALSO:We took to the streets of New York City to capture the trend that's killing the traditional fashion marketPaylessStores closing:1,000The discount shoe retailer said Tuesday that it had filed for Chapter 11 bankruptcy protection and would immediately close 400 stores in the US and Puerto Rico.Additionalstore closures are likely. Payless has been in talks with its lenders for months over a restructuring plan that at one point included closing as many as 1,000 stores, or a quarter of the company's locations.Currently, Payless has about 4,400 locations worldwide, including 3,600 in North America.The Chapter 11 filing reports less than $1 billion in assets and $10 billion in liabilities.The LimitedStores closing:250The women's clothing retailer shut down all 250 of its stores in early January."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 onlinewe're just a quick click away 24 hours a day."Wet SealStores closing: 171The strugglingteen retailer is closing all of its stores, the company announced in late January.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.See the rest of the story at Business Insider
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