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A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry. The pressures have intensified immensely.
A few big names in retail, including Pier 1 Imports and Modell’s Sporting Goods, filed for bankruptcy much earlier in the year, weighed down by hefty debt loads and slumping sales even before the Covid-19 crisis was declared a national emergency in mid-March. Since then, that list of names has ballooned.
A report from S&P Global Market Intelligence released earlier this month identified the dozens of retailers that have filed for bankruptcy in 2020 which is now up to 40, following Ann Taylor parent Ascena Retail Group‘s filing on…
Read the full article at: https://www.cnbc.com/2020/07/25/list-these-are-the-retailers-that-have-filed-for-bankruptcy-in-2020.html
