2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and a vastly different retail landscape that doesn’t look anything like where your parents used to shop.
While some retailers filed for Chapter 11 bankruptcy protection for the first time this year, others went through a so-called Chapter 22 scenario, where it was their second time in bankruptcy court. That included Z Gallerie and Charming Charlie. And some retailers, like discount chain Fred’s, ended up liquidating…
“The bankruptcies [this year] are kind of lumpy,” said Vince Tibone, a lead retail analyst at commercial real estate services firm Green Street Advisors. “2017 was a big year. 2018 was a little on the lighter side. 2019 turned out to be another big year.”
There were 23 retail bankruptcies in 2019, compared with 17 in 2018, according to a tracking by CB Insights. The firm has tracked 81 retail bankruptcies starting in 2015. Here’s a list of the retailers that filed for bankruptcy in 2019, from earliest filings to the most recent… CNBC News