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(WSJ.com) — Rock & Republic filed for Chapter 11 bankruptcy protection earlier this month, when it didn’t have the funds to pay a loan coming due. And Miss Sixty, whose British unit went through the U.K. equivalent of bankruptcy, this week announced it would shutter half its 20 U.S. stores.

Now, experts say the explosion of designer denim brands (even Justin Timberlake is in on the game) is facing its day of reckoning.

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