Bankruptcy could be looming for some retailers – Fashion
A second wave of Covid-19 might be detrimental for vendors who are however recovering from the onset of the pandemic.
Some of America’s biggest names in vogue submitted for Chapter 11 this 12 months, such as J. Crew and Neiman Marcus, J.C. Penney, Customized Brands, Fred’s, Sears and Nine West.
In accordance to Retail Dive, the “bloodletting” is far from about. “Bankruptcies have mostly slowed as the marketplace heads into the vacation year. But dependent how the holiday seasons shake out, 2021 could carry another wave.
Meanwhile, customers go on to change their shopping habits as the pandemic wears on. Foot…
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