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Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018

16 US retailers have already filed for bankruptcy or announced liquidations so far in 2018. Sears, David's Bridal, and Claire's are among them.

The death of the American middle class has brought department stores down with it

Experts say that the recent closing of Bon-Ton and struggles of department stores are linked to the death of the American middle class. Increasingly, the most successful retailers have become more distinctly split into two sections: luxury and budget stores.