Teen Retailer Papaya Clothing Files for Bankruptcy Protection – Wall Street Journal (subscription)

Teen apparel seller Papaya Clothing filed for bankruptcy protection Thursday, the latest mall-based chain to fall victim to changing consumer shopping habits roiling the retail industry.

Papaya, a privately held California-based chain with 80 stores and some 1,300 employees, said its financial woes are the result of an industrywide shift in consumer preferences to online shopping coupled with an ill-timed expansion in recent…

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