By  on December 10, 2012

If survival of the fittest is the name of the game, the following firms probably should have spent more time at the gym. Impacted mostly by severe debt and an inability to find a way out, they filed for bankruptcy protection, and some liquidated. A few brands were fortunate and found new owners, but at least three retailers — Bakers, Daffy’s and Mark Shale — closed up shop.


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