The running list of 2020 retail bankruptcies
PUBLISHED : Aug. 17, 2020
This year, retailers are facing even tougher challenges, as the coronavirus outbreak caused most U.S. retail to temporarily shutter, keeping customers away, and forcing retailers to negotiate with landlords and suppliers to tackle unforeseen inventory and liquidity issues. On top of that, the forces that pushed dozens of retailers into bankruptcy over the last four years or so are still present.
This year started off with the parent of fine paper specialist Papyrus quietly going into liquidation before filing for bankruptcy, with home decor staple Pier 1 not far behind with its own, more uncertain, filing.