Chapter 11 welcomed another struggling retailer into its arms this week.
Private equity-backed True Religion Apparel Inc., the Manhattan Beach, Calif.-based retailer of primarily high-priced jeans, filed for bankruptcy in Delaware on Wednesday, blaming intensifying e-commerce competition as its main source of troubles.
The rise of e-commerce behemoths like Amazon.com Inc. (AMZN) - Get Amazon.com, Inc. Report , coupled with other pressures such as dwindling mall traffic and the rising costs of wages and rent, has pushed more retailers in the U.S. to file for insolvency so far this year than in all of 2016.
"Like several other retailers such as Quicksilver, Pacific Sunwear, American Apparel, Aéropostale and BCBG, to name a few, the company has been adversely affected by a macro consumer shift away from brick-and-mortar to online retail channels, among other factors, resulting in recent losses," True Religion CFO Dalibor Snyder said in a declaration filed in court.
By TheStreet's count, these same pressures have also caused 25 major department-store retailers to shutter waves of stores including J.C. Penney Co. Inc. (JCP) - Get J. C. Penney Company, Inc. Report , Macy's Inc. (M) - Get Macy's Inc Report and the near-death Sears Holdings Corp. (SHLD) .
As of the petition date, the company operated 128 stores in 33 states and Canada, 73 of which are full-priced True Religion stores, 53 outlet locations and two Last Stitch stores. In court papers, Snyder said True Religion plans to close stores through its insolvency case but did not disclose how many.
True Religion, founded by Jeff Lubell in Los Angeles in 2002, posted a net loss of $78.5 million on revenue of $369.5 million for the 12-month period ended Jan. 28.
Snyder said in court papers that True Religion started seeing its sales decline in 2013.
Here are some of the other major retailers we saw fall so far in 2017.