The Limited looks set to be the first retailer to file for bankruptcy in 2017.
The 240-store chain, which like other womens apparel clothing stores has been struggling with declining traffic at many malls and a surfeit of merchandise on the market, is planning to file for Chapter 11 bankruptcy protection in the coming weeks, with liquidation the likely, Bloomberg News reported this week.
The company did not immediately respond to a request from Fortune for comment but last month told various news outlets it was exploring a number of options that would provide the company with greater financial flexibility.
Bloomberg said The Limited would try to emerge as a going concern after bankruptcy. Last month, the Wall Street Journal …
Read the full article at: http://fortune.com/2016/12/21/thelimited-bankruptcy/