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C. Wonder LLC, the apparel shop founded by Christopher Burch after his split with ex-wife, fashion entrepreneur Tory Burch, has filed for chapter 11 protection to formally liquidate its operations after the business failed ever to turn a profit, Dow Jones Daily Bankruptcy Review reported today. Founded in 2011, the brand faced rivals in the incredibly competitive women's apparel sector that has recently ravaged a growing cohort of once-popular retailers. According to court documents, the company's finances have long been shaky. In 2012, C. Wonder logged a $46 million loss; the next year, losses hit $59 million and the corporate deficit was $133 million. In the first 11 months of 2014, the company's $51.1 million in sales resulted in $51.4 million in losses.

Cache Inc., an almost 40-year-old clothing chain known for helping popularize Armani and Versace designs in the U.S., is preparing to file for bankruptcy, Bloomberg News reported on Friday. The move is expected as soon as this week after Cache said last month that it was exploring options and had received an inquiry from a potential buyer. The company hasn’t provided an update on the process since then. The company would join Delia’s Inc., Deb Stores and Wet Seal Inc. in seeking protection from creditors in recent weeks. The chains have suffered from slower foot traffic at shopping malls, as well as growing competition from overseas competitors and e-commerce sites. Another chain, Body Central Corp., said this month that it will liquidate under state-court supervision.

SkyMall LLC, the in-flight catalog company that sells exercise bikes that double as desks and automated ball-launchers for dogs, filed for bankruptcy as air travelers spend more time on their mobile devices, Bloomberg News reported on Friday. The seat-pocket marketer of more than 30,000 products reached 650 million travelers a year, according to its website. Phoenix-based SkyMall, which suspended its catalog and fired 47 employees from its call centers Jan. 16, said in a court filing that it hopes to keep up barebones operations while seeking a buyer. As more carriers are offering in-flight Internet access and regulators have let passengers use smartphones and tablets during take-offs and landings, SkyMall has been deprived of its captive audience. “With the increased use of electronic devices on planes, fewer people browsed the SkyMall in-flight catalog,” Chief Financial Officer Scott Wiley said in court papers. He listed Amazon.com Inc. and EBay Inc. as among competitors with greater resources and more customers. New technology and the cost of getting the magazine on planes “made the traditional in-flight SkyMall catalog increasingly unattractive to the airlines,” he said.