The financial pain for U.S. retailers is worsening beyond what retail executives and analysts anticipated when the coronavirus began to spread, foreshadowing an unrelenting pace of store closures and bankruptcies.
With a resurgence of coronavirus cases across much of the country, some companies that were relatively healthy before the pandemic are showing signs of buckling. Bankruptcies in the sector are piling up, with more retailers seeking chapter 11 protection so far in 2020 than in all of last year.
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July 22, 2020 at 04:30PM
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Retail Carnage Deepens as Pandemic’s Impact Exceeds Forecasts - The Wall Street Journal
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