10. The Limited
In January, The Limited began closing all 250 of its retail stores, according to Fortune. The closures were expected to result in 4,000 people losing their jobs.
“In an increasingly challenging environment for mall-based retail and women’s apparel, we are very disappointed that the company has had to make the difficult decision to close its retail locations,” the company’s private equity backer, Sun Capital, said in a statement. The chain has also closed its website, which had remained online briefly after the retail closures were announced to sell off inventory. A note on the website does call the closure “temporary,” but acknowledges that the company has filed for Chapter 11 bankruptcy protection.
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