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Data: More than 300 retail companies file for bankruptcy

Posted: Updated:
NORWALK -

More than 300 popular retail companies are filing for bankruptcy, according to BankruptcyData.com.

According to the website, that’s a 31 percent jump from this time last year.

Children clothing stores such as Gymboree, Janie and Jack, and Crazy 8 are closing several locations, along with Payless Shoes, and RadioShack among others.

Experts say an increase in online shopping is stealing customers away from more traditional shopping.

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