Friday, May 22, 2020

The coronavirus is crushing bankrupt retailers’ hopes for a rebound – and threatening even more jobs

Bankruptcy doesn’t need to mean the end of a company. It can be a shot to shed debt, reorganize and come out stronger.

But during the coronavirus pandemic, bankruptcy filings are increasingly spelling doom for retailers. In turn, it threatens thousands of more workers in an economy that has already suffered tens of millions of lost jobs. . . . more