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

[Peter1469]

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.

Retail bankruptcies, liquidations and store closings in the U.S. reached records in the first half of 2020 as the Covid-19 pandemic accelerated industry changes, particularly the shift to online shopping, according to a report.

In the first six months, 18 retailers filed for chapter 11 protection, mostly concentrated in apparel and footwear, home furnishings, grocery and department stores, according to the report by professional-services firm BDO USA LLP. They include department-store operators Neiman Marcus Group Ltd., J.C....

[MMC]

Throw in 6 out 8 restaurants closing up shop. Bars. and now retail. Just as the Demos planned, huh?

[Peter1469]

They should sue for unConstitutional takings. Although that will shift the loss to the taxpayers.

[MMC]

They should sue for unConstitutional takings. Although that will shift the loss to the taxpayers.

You are kind. Much to kind.

[Cannons Front]

If we can get some common sense back into our state and local governments maybe we can stop the bleeding

[Peter1469]

If we can get some common sense back into our state and local governments maybe we can stop the bleeding

Right. And under our federalist system our local and state level politicians should be much more important to our daily lives than the distant federal government.

[barb012]

Our government should have been able to fire all of these Dem governors and mayors for all of the harm they did to their citizens. By these people getting away with this behavior do they really want us to believe that our safety is their priority? Look what we have uncovered about many of their activities with Dems that is working towards a dictatorship.

[Lummy]

Apparel and footwear are everywhere on the internet. The competition might be insurmountable.

Furniture stores come and go like the circus; always have, even before cheap and trendy IKEA.

[Dr. Who]

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.

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.

[Crepitus]

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.

Don't you mean "thanks to tRump's failed virus response"?