Banana Republic

Banana Republic has been around since the late 1970s and became popular for selling items for a safari and travel lifestyle. The company has come a long way since then, as now it carries fashionable clothing. The company was doing pretty well for several years until the pandemic hit and the company’s stock crashed.

The company has announced that it will be closing down 130 stores by 2023 as it doesn’t see itself lasting much longer in this market. Banana Republic has already closed down 350 stores, and that number will only rise in the next year.

Carter’s

Carter’s is one of the oldest companies on the list, as it was founded in 1865. The company has always specialized in clothing for children and has lasted over 150 years which is quite surprising. The company was able to survive several economic crises but has finally reached its end.

The company has already closed down several stores and plans to close down the remaining ones by the end of this year. So you won’t be seeing any stores in the future as this company is finally calling it quits. This is the fate of many older companies nowadays.

American Eagle Outfitters

American Eagle Outfitters has been around since the late 1970s and is known for its American clothing lifestyle that became popular over the years. There is an American Eagle Outfitters store in just about every mall across America, but that has recently been changing as the company has closed down several stores recently.

The company announced that it would be closing down close to 500 stores as the economy has hurt the company. It doesn’t look that good for American Eagle Outfitters as they plan to reduce the number of stores to eventually zero.

Chico’s

Chico’s is a retail store that was founded in 1983 and has been one of the leading stores that carry women’s clothing. Since times are changing and the internet is taking over, the company decided to close down 250 stores and plans to close down the rest by the end of the year.

Chico’s realized that it needed to make a change if it wanted to last and is hoping that online sales will keep the company from going under. So if you are looking for a storefront now, you probably won’t find any, as they are all closed down currently.

Payless

Payless has been around since the 1950s and has been supplying Americans with footwear until recently. Payless announced that it plans to close down all of its 2,500 stores by the end of the year as it is in full liquidation mode.

Once the pandemic hit, the company knew that it had no chance of surviving and filed for bankruptcy shortly after. Payless was on the verge of going out of business for several years, and it wasn’t until the pandemic hit that it finally crumbled. You probably won’t find any Payless stores now, as most of them are gone.

Gymboree

Gymboree has been around since the 1970s and became one of the most popular children’s clothing retail stores in the country. The company recently filed for bankruptcy as it wasn’t able to survive after the pandemic.

Gymboree announced that it would be closing down 800 stores in the country and plans to close down the rest by the end of this year. It is only a matter of time before this company fades away with time, as there is no chance it will survive. This has been the sad reality for several big companies around the world.