Tuesday 29 September 2020

Retail bankruptcies on pace to rival 2010: report

It’s been a difficult year for retailers, and things may get worse before they get better: The number of bankruptcy filings by retailers this year could outpace those filed in the wake of the Great Recession. As of Sept. 29, nearly 30 retailers filed for bankruptcy, leading to almost 6,000 store closures, according to a biannual bankruptcy report from BDO International, a financial services firm. That’s on pace to beat 2010, when 48 retailers filed



source https://therealdeal.com/2020/09/29/retail-bankruptcies-on-pace-to-rival-2010-report/

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