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First Wet Seal and now, possibly Caché. The future looks bleak for traditional mall retail stores, like Cache, which first opened in Miami back in the 70s. It filed for bankruptcy yesterday and according to Bloomberg, "Cache said it will close some retail store locations and sell all or most of its assets through an agreement with SB Capital Group LLC and Tiger Capital Group LLC acting as liquidators and agents." So another retail chain bites the dust, leaving you with one less mall store to peruse as you shop for fancy eveningwear.
· Clothing Chain Cache Joins List of Retailers Seeking Bankruptcy [Bloomberg]