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Thread: U.S. Retail Bankruptcies, Store Closures Hit Record in First Half

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    Quote Originally Posted by Peter1469 View Post
    U.S. Retail Bankruptcies, Store Closures Hit Record in First Half

    Through June, 18 retailers have filed for chapter 11, according to BDO USA, mostly those selling apparel, footwear and home furnishings



    Thanks to the lockdown happy governors and mayors.






    Well had Trump and Mcconnell jumped it from the outset we'd probably not have such a big problem with it now.

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    Quote Originally Posted by Dr. Who View Post
    Covid-19 may have been the final straw, but all of these retailers were in serious trouble already and it's largely due to the fact that they were being outcompeted by online business.
    First, not COVID. Lockdowns.

    Second, not restaurants.
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    Quote Originally Posted by Crepitus View Post
    Don't you mean "thanks to tRump's failed virus response"?
    No, troll.
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    Quote Originally Posted by jet57 View Post
    Well had Trump and Mcconnell jumped it from the outset we'd probably not have such a big problem with it now.
    Federalism. No other word in the English language causes so much confusion in America today.
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    MMC (09-29-2020)

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    Quote Originally Posted by Peter1469 View Post
    First, not COVID. Lockdowns.

    Second, not restaurants.
    Well, your OP refers to 18 retailers so I wasn't considering restaurants. Five of these retailers have filing dates between January and March 2020 - before the lockdowns. Of the remaining retailers, all were in critical financial shape prior to the pandemic with high debt loads, liquidity issues and declining sales. It's unlikely most of these retailers would have survived 2020 even without the lockdowns. Many had already started closing stores in 2019. I was unable to read your link as there is a paywall, but I have another link that provides the background for the demise of each of these retailers: https://www.retaildive.com/news/the-...ptcies/571159/
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
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    Quote Originally Posted by Crepitus View Post
    Don't you mean "thanks to tRump's failed virus response"?
    No he means Democrat Mayors and governors. You know that which confuses you.....reality.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by Dr. Who View Post
    Well, your OP refers to 18 retailers so I wasn't considering restaurants. Five of these retailers have filing dates between January and March 2020 - before the lockdowns. Of the remaining retailers, all were in critical financial shape prior to the pandemic with high debt loads, liquidity issues and declining sales. It's unlikely most of these retailers would have survived 2020 even without the lockdowns. Many had already started closing stores in 2019. I was unable to read your link as there is a paywall, but I have another link that provides the background for the demise of each of these retailers: https://www.retaildive.com/news/the-...ptcies/571159/
    Perhaps you are correct about retailers. I am focused on the big picture and have been periodically posting threads about bankruptcies and about the rent disaster coming.

    The article also focuses on Chapter 11 bankruptcy, which is reorganization. So they won't be going away- yet. That will be Chapter 7 bankruptcy.
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    Quote Originally Posted by Peter1469 View Post
    U.S. Retail Bankruptcies, Store Closures Hit Record in First Half

    Through June, 18 retailers have filed for chapter 11, according to BDO USA, mostly those selling apparel, footwear and home furnishings



    Thanks to the lockdown happy governors and mayors.
    Yes, it is sad how leftists governors and mayors have shut down all those businesses that will never return.

    Leftists destroy everything they touch.

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    Quote Originally Posted by Section31 View Post
    Yes, it is sad how leftists governors and mayors have shut down all those businesses that will never return.

    Leftists destroy everything they touch.
    On whom do you blame their pre-pandemic debt loads and history of declining sales? These businesses were already circling the drain before any lockdowns occurred.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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    Well, the democrats got what they wanted.





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