MURDER, POLITICS, AND THE END OF THE JAZZ AGE
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Pandemic bankruptcies: A running list of retailers that have filed for Chapter 11
By artappraiser on Mon, 07/06/2020 - 5:54pm |Lucky Brand is the latest major retailer to file for bankruptcy since May, following J. Crew, J.C. Penney, GNC and others
By Abba Bhattarai @ WashingtonPost.com/Business, July 6
The retail industry, in turmoil for years, is facing its biggest test yet as the coronavirus crisis pushes some of the nation’s most vulnerable brands to the economic brink.
Pandemic-motivated closures and stalling demand left many prominent retailers looking for ways to preserve cash. Some stopped paying rent. Others furloughed workers, cut executive pay and canceled orders for new inventory. But as the economy begins sputtering back to life, bankruptcy attorneys and analysts say a growing number of companies will find they just don’t have enough cash to keep going.
Graphic: The iconic brands that could disappear because of coronavirus
Here is a running tally of pandemic-era bankruptcy filings. This list will be updated [....]
URL:
https://www.washingtonpost.com/business/2020/05/27/retail-bankrupcy-chapter11/
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