Zara is set to close all of its stores after the retail giant went into bankruptcy last month.

The company announced Monday that it would close stores in New York, Los Angeles, Chicago, Atlanta, Minneapolis, St. Louis, Denver and Detroit.

The retailer’s stores will close by May 19.

Zara did not immediately respond to CNBC’s request for comment.

The move comes as the retail business has been in turmoil since a year ago when a flood of debt forced the retailer to seek a bailout from the Federal Reserve and the Treasury Department.

Last month, Zara announced it would sell off its fashion lines, including the zara collection, after struggling to recover from a massive wave of debt.

The business, which sells clothes and accessories, was founded in 1996 by Zara founder Anna Wintour and her husband, Calvin Klein.

Zagat, which counts Zara as one of its brands, says that as a result of the bankruptcy, Zagate’s brands will be unable to compete with its own designs.

The news comes amid a trend among American retailers toward closing stores, a trend that has taken hold in the apparel industry.

According to research firm NPD Group, the number of closings by American retailers in 2017 rose by 12 percent from 2016.

That compares to a 4 percent decline in the previous year, according to NPD data.

In contrast, the numbers for apparel stores have grown by nearly a fifth, NPD said.

The trend has led some retailers to close stores to save money.

The Chicago Tribune reported that Macy’s, for example, has been cutting back on sales in the past couple of months as it tries to find savings for a reorganization.

The store has said it would no longer carry Zara clothing and accessories.