Retail: Nine West files for bankruptcy

The women’s shoe and accessory retailer Nine West Holdings filed for bankruptcy this week, citing “declining mall traffic” and falling sales, said Christen Johnson in the Chicago Tribune. The company, which owns the brands Nine West and Anne Klein, sells its wares in more than 1,200 malls and outlets. Documents filed at the time of bankruptcy revealed it has a total of $1 billion in debt on its books. The company plans to continue trading “while it tries to pay back creditors.”