Doom & Gloom

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

The Wall Street Journal has some good news for your Monday morning. "Drained by the worst consumer-spending slump in decades and burdened by debt, U.S. retailers are expected to begin a wave of post-holiday bankruptcy filings, altering the landscape at malls and on main streets across the country." At risk: Circuit City, Loehmann's, Duane Reade, Claire's, Bon-Ton and Bailey Banks & Biddle. [WSJ]