The pandemic has had a devastating effect on the big retailers in the U.S. This year there have been over 40 bankruptcies. Last year there were only 23 total.
Among the retailers filing Chapter 11 are Lord & Taylor, J. Crew, Lucky Brand, Neiman Marcus, Men’s Wearhouse, J.C. Penney, Joseph A. Bank, Pier 1 Imports, and Ascena Retail Group, which owns Ann Taylor and Lane Bryant.
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