1. Corporate Finance

The running list of 2020 retail bankruptcies

The pandemic ushered in a wave of bankruptcies as retailers struggled to pay rent, vendors and other expenses.

The following post will continue to be updated to reflect the current major retailers that have filed for bankruptcy protection in 2020.

Last year sent 17 major retailers into bankruptcy. For some — including Payless, Gymboree and Charming Charlie —​ it was their second trip to court. Bankruptcy also proved fatal for more retailers in 2019, as liquidations increased. In all, retailers closed more than 9,500 stores last year. 

This year, retailers are facing even tougher challenges, as the coronavirus outbreak caused most U.S. retail to temporarily shutter, keeping customers away, and forcing retailers to negotiate with landlords and suppliers to tackle unforeseen inventory and liquidity issues. On top of that, the forces that pushed dozens of retailers into bankruptcy over the last four years or so are still present. 

This year started off with the parent of fine paper specialist Papyrus quietly going into liquidation before filing for bankruptcy, with home decor staple Pier 1 not far behind with its own, more uncertain, filing. 

Here is a closer look at the major retail bankruptcies of 2020 so far.30 retailers have filed for bankruptcy in 2020 so far:

Francesca’s (Dec. 3)

Guitar Center (Nov. 21)

Furniture Factory Outlet (Nov. 5)

Century 21 (Sept. 10)

Stein Mart (Aug. 12)

Tailored Brands (Aug. 2)

Lord & Taylor (Aug. 2)

Ascena (July 23)

The Paper Store (July 14)

RTW Retailwinds (July 13)

Muji USA (July 10)

Sur La Table (July 8)

Brooks Brothers (July 8)

G-Star Raw (July 3)

Lucky Brand (July 3)

GNC (June 23)

Tuesday Morning (May 27)

Centric Brands (May 18)

J.C. Penney (May 15)

Stage Stores (May 11)

Aldo (May 7)

Neiman Marcus (May 7)

J. Crew (May 4)

Roots USA (April 29)

True Religion (April 13)

Modell’s Sporting Goods (March 11)

Art Van Furniture (March 9)

Bluestem Brands (March 9)

Pier 1 (Feb. 17)

SFP Franchise Corp (Jan. 23)

By Retail Dive Team

https://www.retaildive.com/
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