Why Cache, a Women’s Apparel Retailer, Filed Chapter 11 Bankruptcy
Women’s apparel retailer Cache has announced it will be seeking bankruptcy protection through the Chapter 11 bankruptcy timeline — becoming the fifth U.S. retailer in a three-month span to seek help with filing bankruptcy. According to a February 4 Reuters article, Cache has faced several challenges in recent years, including dropping mall traffic, growing competition from more affordably-priced retailers, online shopping’s continued expansion and reduced teen spending on clothing. With the help of its Chapter 11 bankruptcy attorney, the New…
