According to Bloomberg and others with knowledge of the company, Pacific Sunwear (ticker: PSUN) is preparing to file for Chapter 11 bankruptcy protection. Are brick and mortar shops doomed? Is consumerism on the decline after a less than stellar year?  Or is this just karma after releasing a line of clothing by the Kardashians? Its stock price fell 78% today to 0.07, and things are not looking good. So if a strip mall surf store vanishes, does anyone hear it scream? Or is that just the sound of the Hollister store expanding into the newly vacant space?



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