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The chain said despite "numerous strategic initiatives aimed at growth and expansion and enhancing the customer experience ... continued challenges in the retail industry impeded the company's progress as well as its ability to refinance its debt."

Don't count out physical retail sites just yet. At least 10 new shopping centers around Charleston are on the rise or have recently been built, proving that brick-and-mortar retail is not dead. They offer grocery stores, restaurants, locally owned shops, outpatient medical offices and items people generally don't shop for online as retail evolves in the era of click-and-order shopping.

Fishing guide Tanner Sutton wanted clothing more suited for the outdoors so he launched his own brand called Free Fly, reeled in his sister and brother-in-law from corporate jobs at Nike as partners in the business and moved to Charleston from Montana to make the dream a reality. They are now looking to double the size of their peninsula office as the company has grown to 16 employees and sells products in 300-plus stores across the U.S.

The holiday centerpiece attraction will cost a little more this year across South Carolina. Christmas tree prices are expected to be up about 5 percent because of drier growing conditions, higher cost of doing business and a continued scarcity of the popular Fraser firs.

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