- 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.
Majority of Young Battleground State Voters Say Death of Justice Ginsburg Motivates Them to Vote Democratic ›
Leave a Reply