Here Are the Major Retailers That Have Filed for Bankruptcy in 2020 – JCK

Brick-and-mortar retailers have been acutely challenged in 2020, with the pandemic precipitating monthslong business closures across the U.S., along with business-dampening (but necessary) safety measures including limitations on store foot traffic and opening hours.

This year, Black Fridaytypically the most lucrative retail day of the calendar yearexemplified how dire the environment has become for retailers. According to analytics firm Sensormatic Solutions, shopper visits on Black Friday dropped by 52.1% compared to 2019. Online spending was strongand has been throughout the pandemicaccording to several reports. But that isnt offsetting the losses retailers are experiencing in stores.

Twenty-nine major retailers have filed for bankruptcy in 2020, including a handful that sell jewelry, both fine and fashion: Neiman Marcus, Lord & Taylor, J. Crew, and J.C. Penney.

Here are all the corporate retailers that filed for bankruptcy in 2020, with the dates on which they filed for protection:

SFP Franchise Corp. (filed Jan. 23)Pier 1(filed Feb. 17)Art Van Furniture(filed March 9)Bluestem Brands(filed March 9)Modells Sporting Goods(filed March 11)True Religion (filed April 13)Roots USA(filed April 29)J. Crew(filed May 4)Aldo(filed May 7)Neiman Marcus(filed May 7)Stage Stores(filed May 11)J.C. Penney(filed May 15)Centric Brands(filed May 18)Tuesday Morning(filed May 27)GNC(filed June 23)G-Star Raw(filed July 3)Lucky Brand(filed July 3)Sur La Table(filed July 8)Brooks Brothers(filed July 8)Muji USA(filed July 10)RTW Retailwinds(filed July 13)The Paper Store(filed July 14)Ascena(filed July 23)Tailored Brands (owner of Mens Wearhouse, Jos. A. Bank, Moores Clothing for Men, and K&G Fashion Superstore; filed Aug. 2)Lord & Taylor(filed Aug. 2)Stein Mart(filed Aug. 12)Century 21(filed Sept. 10)Furniture Factory Outlet(filed Nov. 5)Guitar Center(filed Nov. 21)

Top: Neiman Marcus at Hudson Yards (photo courtesy of Neiman Marcus)

Follow Emili Vesilind on Instagram: @emilivesilind

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Here Are the Major Retailers That Have Filed for Bankruptcy in 2020 - JCK

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