Monday, May 4, 2020

These 27 retailers could file for bankruptcy as pandemic roils the industry

Retail Dive
Very few retailers are going to walk away from 2020 unscathed.

Retail as an industry entered the year with a strong consumer, low unemployment and a general good feeling in the economy. Of course there were concerns and spots of pain. Even Walmart and Target posted lackluster fourth quarter numbers. Others had a much worse Q4 or stumbled into the year already surrounded by bankruptcy speculation.

Now the world is upside down, with tens of thousands of stores temporarily shut across the country, a pandemic keeping everybody in their homes and the possibility of deep recession looming.. . . more