FirstJacob, thenSmart Set- the business-casual clothing market has taken a beating this year, withMexxthe latest to bite the dust. A judge in the Netherlands declared the Dutch fashion chain bankrupt on Thursday, sealing the fate of its 315 stores, including eight GTA locations and 87 others around Canada.

So prevalent is the brand, which was also sold at The Bay in addition to its own stores, on Canadian soil that "promotional pricing pressure in Canada" actually contributed to the company's demise,according to company higher-ups. Currently, Mexx plans to keep stores open - for now - as they clear out merchandise. Time to go get a deal on a new skirt suit (but don't act too happy about it).