BUSINESS
'A scary number' of retail companies are facing bankruptcy amid the coronavirus pandemic
BUSINESS

'A scary number' of retail companies are facing bankruptcy amid the coronavirus pandemic

Published: July 23, 2020  |  8 min read, 1522 words
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This story has been updated.At this rate, the only places to shop in life after COVID-19 will be Walmart, Amazon, Target and Costco.Ascena Retail Group, the owner of Ann Taylor and Lane Bryant, finally . The company, which has been circling the bowl for years, will look to the courts to help it shave $1 billion in debt. But it’s likely the retailer will be far slimmer post bankruptcy than its current 2,800 store count.The death notices in retail continue to pile up this month.Regional retailer earlier this month. The operator of 86 stationary and card stores in the Northeast said it’s... READ MORE
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