
With the beginnings of the coronavirus pandemic, 2020 brought an onslaught of retail bankruptcy cases. Lord & Taylor, Ascena Brands, Neiman Marcus and JC Penny, among many others – not less than 52 in total. As the economy recovered from the initial shock of the pandemic, the number of retail bankruptcy cases subsided in 2021. According to reports, there were 21 retail cases in 2021 as retail traffic began returning to pre-pandemic levels. 2022, however, brings new pressures on the global economy, and certain that may strike the retail industry with force. This month’s filing by Revlon put a spotlight on the industry and may portend a coming wave of filings in what has been a rather tame year for bankruptcies generally, and in retail in particular.
Continue Reading Revlon May Signal Another Wave of Retail Bankruptcies