The Most Retail Bankruptcies and Store Closures Ever in One Year

  • The pandemic in the first six months of this year fueled uncertainty for retailers and accelerated existing trends, according to BDO’s biannual bankruptcy update.
  • BDO counts 18 retailers that headed to bankruptcy court in the first half of the year and another 11 in July through mid-August. Retail Dive’s bankruptcy tracker similarly lists 27 so far this year, compared to 17 in 2019.
  • The COVID-19 pandemic has essentially interfered with what is normally a cyclical pattern for retailers and set up the industry for yet more bankruptcies in 2020’s second half, according to BDO researchers.

See full story here.

Categories: Business, Labor

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