Author: mdsnead

Back in 2019, about 17 major retailers filed for brankruptcy, which resulted in over 9,500 store closures. While that may seem like a lot, 2020 is shaping up to be even more of a challenge for retailers, as 27 major retailers have already filed for bankruptcy, and we still have a few more months of the year left.

Though many of the retailers on the list below were already facing financial hardship, the ongoing coronavirus pandemic has made matters even worse.

Major Retailers That Filed Bankruptcy in 2020

Stein Mart

• Filing Date: August 12

Baring a last-minute acquistion, Stein Mart plans to liquidate all 280+ locations nationwide.

Pier 1

• Filing Date: February 17

Pier 1 entered their Chapter 11 bankruptcy with the plans of closing nearly every one of its 450 stores. Fear not though, the retailer is now accepting online orders via their website.

Modell’s Sporting Goods

• Filing Date:  March 11

Back in March, Modell’s filed for Chapter 11 bankruptcy with the plans of liquidating its entire 134 store fleet, as well as sell its IP.

JCPenney

• Filing Date: May 15

JCPenney filed for bankruptcy with the support of key lenders with a plan that could lead to multiple outcomes. Whether that plan leads to reorganization, sale, or possible liquidation, only time will tell.

Every Retailer That’s Filed Bankruptcy in 2020

• Century 21 – filed on Sept. 10
• Stein Mart – filed on Aug. 12
• Tailored Brands – filed on Aug. 2
• Lord & Taylor – filed on Aug. 2
• Ascena – filed on July 23
• The Paper Store – filed on July 14
• RTW Retailwinds – filed on July 13
• Muji USA – filed on July 10
• Sur La Table – filed on July 8
• Brooks Brothers – filed on July 8
• G-Star Raw – filed on July 3
• Lucky Brand – filed on July 3
• GNC – filed on June 23
• Tuesday Morning – filed on May 27
• Centric Brands – filed on May 18
• JCPenney – filed on May 15
• Stage Stores – filed on May 11
• Aldo – filed on May 7
• Neiman Marcus – filed on May 7
• J.Crew – filed on May 4
• Roots USA – filed on April 29
• True Religion – filed on April 13
• Modell’s Sporting Goods – filed on March 11
• Art Van Furniture – filed on March 9
• Bluestem Brands – filed on March 9
• Pier 1 – filed on Feb, 17
• SFP Franchise Corp – filed on Jan. 23