The retail sector so far this year is showing no signs that the dismal scene of bankruptcies and closings will end soon. Traditional retailers like Macy's, JC&nbs🌃p;Penney, and Sears are struggling to attract customers as onlin♈e retailers like Amazon consume more and more of the market. 

Major retail companies that are riddled with debt from leveraged buyouts are falling like dominos as consumers shift their attention to online channels. Last year, 26 major retailers, or those with more than $50 million in 澳洲幸运5开奖号码历史查询:liabilities, filed for bankruptcies, according to data from research firm AlixPa𓆉rtners.

So far this year, several major retailers have filed for bankruptcy, with some working to 澳洲幸运5开奖号码历史查询:restructure and others planning to liquidate. Most recently, home retail chain Brookstone filed for bankru🎃ptcy for the second time since 2014, facing between $100 and $500 📖million in liabilities.

Brookstone started as a mail-order business selling tools and has since expanded to include kitchen supplies and other household items. The bankruptcy came after a decline in traffic to malls in the U.S. as more and more people choose to shop online. (See also: 澳洲幸运5开꧂奖号码历史查询:Retail Sector Likely to See More Defaults.)

recently said it expects even more retailers to default this year than last year, with risks spreading from specialty ap🧔parel to other specialty retail, and even grocery.

Here are some of the major꧅ bankruptcies in the retail sector so far this year:

A’gaci

A’gaci, a women’s apparel retailer based in malls, filed for Chapter 11 protection , saying it was spread “too thin to effectively respond to the rapidly changing trends in the retail market.” A’gaci is closing about 65% of i⛄ts locations after opening 21 new stores in the last two years.

Kiko USA

Beauty retailer Kik𒆙o USA filed for bankruptcy Jan. 11 saying it would close 25 or its 29 locations as it struggled with declines in mall traffic. Kiko USA said it expects the closures to save it $7.1 million in operating losses each year.

The Bon-Ton

The Bon-Ton stores filed for bankruptcy Feb. 4 and its fate is still undecided. Recently U.S. mall owners Namdar Realty Group and Washington Prime Group said they🐬 will bid together to try to acquire the department store chain.🅰

Bon-Ton said it was planning to close 47 of its 256 stores this year. (See also: 澳洲幸运5开奖号码历史查询:Bon-Toꦡn Stores Files for Chapter 11 Bღankruptcy.)

The Walking Company Holdings

Shoe retailer the Walking Company filed its second bankruptcy in 10 yearไs on March 6, calling it the “final step in transforming … into a more vertically integrated, omni-channe💎l retailer.”

Now, its working under a $50 million bankruptcy loan from Wells Fargo, but that loan hinges o༺n The Walking Company “conforming their lease portfolio to market rents,” CEO Andrew Feshbach said, according to the bankruptcy filing.

Claire’s Stores Inc.

Accessories retailer Claire’s filed for bankruptcy March 19 and has remained operating its some 1,600 stores, saying it hopes💝 to reemerge after reorganizati🦄on later this year. The company is trying to pare back its $2.1 billion debt load by $1.9 billion.

More than a deca꧑de ago, Claire’s struck a deal with ಌprivate equity firm Apollo Management that left it saddled with debt it has yet to escape.

Remington Outdoor Brands

Remington, the two century-old American gun manufacturer headquartered in North Carolina, filed for Chapter 11 protection on March 26. The firm had suffered from declining sales amidst the current protests against gun violence. In the lead-up to the bankruptcy filing, Remington announced in February that it had reached a deal with its creditors to write off about $700 million of i𒊎ts debt.  

Southeastern Grocers

Southeastern Grocers, parent company of Winn-🦩Dixie and Bi-Lo supermarket chains, filed for bankruptcy March 27.

Listing liabilities of between $1 billion and $10 billion, it said it planned to reduced debt by $50꧙0 million and continue operating its more than 580 locations. It has sec🐽ured 100% exit financing with a $525 million six-year loan and a revolving credit facility.

Nine West Holdings Inc.

Women's shoe and accessory retailer Nine West filed for bankruptcy protection on April 6. At the time of the filing, the company had more than $1 billion in debt. Nine West said it will continue to operate while it works to restructure and sell some of its brands (See also: 澳洲幸运5开奖号码历史查询:Nine West Files for Bankruptcy.)

Gibson

Legendary guitar-maker Gibson Brands Inc. filed for Chapter 11 protection on . According to , the company has struggled to manage its debt load after its recent acquisition of companies including Royal Phillips’s home-entertainment systems, TEAC and Onkyo stereos. Gibson will continue manufacturing musical ins🐓truments and equipment but will phase out its Innovations unit, which makes speakers, headphones, and audio equipment. 

Brookstone

Home retail brand Brookstone filed for bankruptcy on Aug. 3, facing anywhere from $100 to $500 million in liabilities and assets between $50 to $100 million. The company was struggling with foot traffic due to its customers shopping online for the products it sells. Additionally, supply chain issues, technical problems, and management turnover-related issues contributed to the company's downfall. Brookstone is planning to close its remaining 101 stores, but will keep its 35 airport stores and online shopping options open.

The retailer is seekin💦g a buyer, and without one Brookstone could end up liquidating. "The decision to close our mall stores was difficult, but ultimately provides an oppꦇortunity to maintain our well-respected brand and award-winning products while operating with a smaller physical footprint," Brookstone CEO Piau Phang Foo said in a statement to .

The Bottom Line

Traditional retailers saddled with debt, including massive debt resulting from 澳洲幸运5开奖号码历史查询:leveraged buyouts, are struggling to stay solvent. Foot-traffi𝔉c at malls an꧙d physical locations has declined as consumers turn to online shopping, which have caused sales to plunge for many brick-and-mortar retailers.

Those retailers that can adapt to the change, for example by improving their in-store experiences or focusing on their online channel, have a better chance at survival. But those that are just too far into debt to fund the changes they need to thrive in the new retail world face a likelihood of going bankrupt. (See also: 澳洲幸运5开奖号码历史查询:Tesla on the Verge of Bankruptcy.)