‘Retail Apocalypse’ Drives Clothier A’GACI to Second Bankruptcy

Clothing seller A’GACI LLC filed its second bankruptcy in less than two years, citing a “retail apocalypse” that necessitated liquidating all stores.

A bankruptcy reorganization last year couldn’t revive its operations, A’GACI’s lawyer Eric Terry told a Texas bankruptcy judge at a hearing Aug. 8, a day after it filed Chapter 11. Two hurricanes that devastated Puerto Rico in 2017 forced the company to shut down its two most profitable stores, Terry said.

The San Antonio, Texas-based company, which has 54 stores that sell clothes and accessories to young women, listed $50 million to $100 million in liabilities. The company ...