Brookstone to close all its mall stores, including those at Mall of America, Southdale - Bring Me The News

Brookstone to close all its mall stores, including those at Mall of America, Southdale

The gadget and gift store has filed for bankruptcy.
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Brookstone has filed for bankruptcy, and announced it'll be closing its 101 mall stores across the U.S.

That includes its 2 stores in Minnesota, at the Mall of America in Bloomington and at the Southdale Center in Edina.

It follows declining foot traffic and dwindling sales, the company said in a Thursday press release.

It has hired liquidators who will close its mall stores, but is aiming to keep its remaining 35 airport stores.

CEO Piau Phang Foo said that the move will ensure the company is "well-positioned to succeed for years to come."

But it's just the latest in a long line of bricks and mortar retailer that are facing struggles.

Other retailers that have shut stores in Minnesota in the past years include JCPenney, Sears, Kmart, Bebe and Herbergers.

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The Brookstone stores will close "in the coming weeks," Brookstone said on Twitter.

The chain sold an eclectic mixture of gadgets, tech, toys and gifts for men and women.

It had been in business for more than 40 years, but Engadget reports it had increasingly come under pressure from cheaper online rivals.

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