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Brookstone — the retail chain known for massage chairs and electronic gadgets — has filed for bankruptcy and plans to close all of its mall locations, CNN Money reports, citing a company filing. The retailer plans to keep its website running and its 35 airport locations open.

The bottom line: Brookstone is one of the many brick-and-mortar stores that have been clobbered by the rise of online retail — primarily Amazon. In a statement, CEO Steven Goldsmith pointed to the "extremely challenging retail environment at malls" as the reason for Brookstone's demise.

Brookstone plans to shutter all of its mall stores

Brick-and-mortar retail is getting clobbered by the rise of e-commerce.

Father's Day sales at Brookstone. Photo: Lawrence K. Ho/Los Angeles Times via Getty Images

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Brookstone — the retail chain known for massage chairs and electronic gadgets — has filed for bankruptcy and plans to close all of its mall locations, <a class="gtmContentClick" data-vars-link-text="CNN Money reports" data-vars-click-url="https://money.cnn.com/2018/08/02/news/companies/brookstone-bankruptcy/index.html" data-vars-content-id="6f33aa05-3629-4cbe-a26b-fa5bf3870307" data-vars-headline="Brookstone plans to shutter all of its mall stores" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://money.cnn.com/2018/08/02/news/companies/brookstone-bankruptcy/index.html" target="_blank">CNN Money reports</a>, citing a company filing. The retailer plans to keep its website running and its 35 airport locations open.The bottom line: Brookstone is one of the many brick-and-mortar stores that have been <a class="gtmContentClick" data-vars-link-text="clobbered by the rise of online retail" data-vars-click-url="https://www.axios.com/the-death-of-brick-and-mortar-retail-1513302868-5577a4ba-f9f5-4544-997c-1022fc0790d5.html" data-vars-content-id="6f33aa05-3629-4cbe-a26b-fa5bf3870307" data-vars-headline="Brookstone plans to shutter all of its mall stores" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/the-death-of-brick-and-mortar-retail-1513302868-5577a4ba-f9f5-4544-997c-1022fc0790d5.html" target="_self">clobbered by the rise of online retail</a> — primarily Amazon. In a statement, CEO Steven Goldsmith pointed to the &quot;extremely challenging retail environment at malls&quot; as the reason for Brookstone&#x27;s demise.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Brookstone plans to shutter all of its mall stores

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