Forever 21's Chapter 11 filing is the latest reminder that the economic climate for many sectors of retail is still brutal. So far this year there have been more than 7,000 store closures — more than any full-year total to date — and 16 major bankruptcies.
Since the summer of 2017, when retail bankruptcies were reaching Great Recession-era levels, Retail Dive has compiled regular lists of distressed retailers potentially at risk of bankruptcy. . . . more