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Shoe Retail Chain Traffic Inc. Files For Bankruptcy

The outside of a Traffic store in Orlando.

 

There's a Traffic shoe store at almost every mall in South Florida. It’s the store with broken columns at the entrance where the inside resembles ancient Greece.

Unfortunately for bargain show lovers, the fate of the store may soon match its motif.

Traffic Incorporated filed for Chapter 11 bankruptcy this week, citing increasing pressure from online shopping.

The Miami-Dade County-based retailer operates 83 stores in malls across nine states and Puerto Rico. It also sells its teen fashion products at trafficshoe.com.

The company started in Miami in 1989 with one store.

Currently Traffic Shoes, which also does business as Goodman and Dominguez Inc., Traffic Inc., Traffic Laz Plazas Inc. and Traffic Plaza Del Norte Inc.,  has 608 employees who are owed $300,000.

The bankruptcy filing says the purpose of the bankruptcy is to close certain stores and “enable the debtors to restructure occupancy and operational costs”. 

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