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# Rough Week For Some Retailers

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<!-- video src="https://cdn.jwplayer.com/manifests/wKvXA2UB.m3u8" -->
## Video: Rough Week For Some Retailers

[Watch (HLS stream): Rough Week For Some Retailers](https://cdn.jwplayer.com/manifests/wKvXA2UB.m3u8) (1:45)

![Rough Week For Some Retailers](https://cdn.jwplayer.com/v2/media/wKvXA2UB/poster.jpg?width=720)

_Published 2015-01-16. Some very high-profile retailers were either part of this week’s bankruptcy news or having to admit some very expensive mistakes._


---

Jul 27, 2023 5:46 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

[From Resistance to Retail: Let’s Break Down Everything You Need to Know This Week](/video/keatyPli/)

### From Resistance to Retail: Let’s Break Down Everything You Need to Know This Week

[Sears Becomes the Latest Retail Giant to File for Bankruptcy, Suffering From Massive Debt](/video/7aZxAVkW/)

### Sears Becomes the Latest Retail Giant to File for Bankruptcy, Suffering From Massive Debt

[2nd Quarter Not Kind To Some Big Retailers](/video/1yQweU3P/)

### 2nd Quarter Not Kind To Some Big Retailers

---


## Transcript

It's tough moving your merchandise these days. Any more, it seems certain large retailers are hurting every time a quarterly report comes out. Just check out the headlines from this week alone. Teen retailer Wet Seal filed chapter 11 this week, but is perhaps getting more attention for signs employees put up at a Seattle branch marked for closing. The employees were angry and called for a Wet Seal boycott. I feel like my family's been ripped apart and it sucks. Wet Seal reported more than $ 150 million in losses the last two years as it lost it's hold on an admittedly. Fickle teen customer base.

John Kel notes rivals like H & M and Forever 21 have done a better job matching current fast- fashion trends, quickly churning out designs that have caught the attention of teens and young adults. Target can now officially call its first try at going international a. Failed experiment. The company announced Thursday it was shutting down all 133 stores in Canada. In the company's press release Target cited $ 5. 4 billion in pretax losses in the fourth quarter 2014. Most of that driven by the write down of the Canada investment. Phil Waba noted several hurdles Target Canada never quite managed to jump.

Among them, the company bought a chain of old retail buildings that turned out ill suited to its needs. It ran into supply problems by trying to get all of its 100 plus stores stocked and opened at the same time. And it had to compete with all ready well established Walmart. And finally it's time for a new RadioShack not so much as it turns out. The electronics retailer is preparing what many can probably call a long expected chapter 11 filing for a long struggling company. The Wall Street Journal reported on Wednesday the bankruptcy filing could come as soon as February.

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