These retailers filed for bankruptcy in August. Here's who might be next - News Summed Up

These retailers filed for bankruptcy in August. Here's who might be next


New York (CNN Business) The breakneck pace of retail bankruptcies slowed in August, with at least three well-known companies filing for Chapter 11. Here's who filed this month and who might be next:Lord & TaylorA closed Lord & Taylor department store in Garden City, New York. The news wasn't much of a surprise: Tailored Brands said in June that it could join the growing list of retail bankruptcies. The discount retailer filed for bankruptcy on August 12 and is closing all of its nearly 300 stores in the coming months. That's according to a recent report from S&P Global Market Intelligence, which recorded 44 retail bankruptcies this year.


Source: CNN August 29, 2020 12:22 UTC



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