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— Covid-19 Impacts Have Retailers Increasingly Seeking Bankruptcy Protection

The increasing number of major brand name retailers taking the bankruptcy route in the U.S., caught our attention last month.   We’ve started tracking some of the big names we all know so well, and how they’re doing during this Covid-19 / novel coronavirus pandemic.   For some perspective, we’re headed back to review the 2019 bankruptcy class.   Never a more challenging time for bricks-and-mortar retailing.

 

We started this list intending to focus on retailers only, but we’ve started to also add major restaurant operators.   Challenges abound in the food and beverage industry, as well.

 

 

RetailerSummary StatusBankruptcy Filing Date
A.C. MooreThis arts and crafts chain with more than 145 stores, is shutting down permanently in 2020.Permanent Closure
Art Van FurnitureThe company is closing all of its company-owned stores, and is now in bankruptcy protection.March 9, 2020
Barneys New YorkBarneys actually filed before the 2020 crisis, but such a major brand being in difficulty is worth rememembering.August 2019
Bed Bath & BeyondThe company is shuttering up to 60 stores in 2020.Watch List
Bon-Ton2018
Chico'sThe retailer may close as many as 250 stores in 2020. Also operates Soma and White House Black Market stores.Watch List
Dean & DelucaMarch 31, 2020
Destination MaternityParent company to several retail brands. This retailer filed in late 2019, preceding the Coronavirus by a few months.October, 2019
DieselFiled due to increasing losses at its 28 U..S. stores.March 2019
Earth FareFebruary 4, 2020
FairwayIn January announced that it was shuttering five of 14 locations.January 23, 2020
FoodFirst Global RestaurantsOperater of Bravo Italian Mediterranean and Brio Italian Mediterranean restaurant chains. Recently closed 71 of 92 location.
Forever 21September, 2019
GameStopThe retailer is considered at risk by industry analysts, and may close as many as 320 stores in 2020.Watch List
GapThe retailer anticipates closing as many as 230 stores this year.Watch List
GNC HoldingsThe retailer has announced plans to close 304 stores this year.Watch List
Gold's GymMay 4, 2020
GordmansWill close about 200 stores in 2020.Watch List
GymboreeThe company's 2nd bankruptcy.January 2019
J. CrewMay 4, 2020
JCPenneyPenney announced that it would permanently close 242 stores as it filed for bankruptcy protection.May 15, 2020
Lucky's MarketJanuary 27, 2020
Modell's Sporting GoodsMarch 11, 2020
Neiman MarcusMay 7, 2020
Noah's Event VenueMay, 2020
NordstromThe department store chain has announced the permanent closure of 19 stores.Watch List
Office DepotThe office supply and equipment retailer will close about 90 stores by year-end 2021.
PaylessThe company headed back in bankruptcy protecting after emerging from prior filing in 2017.February 2019
Pier 1 ImportsPier 1 has filed a motion to close all of its stores nationwide (5/19/2020)February 17, 2020
Schurman Retail Group (SRG)Parent company to Papyrus stores, has announced all stores will be closed. This BK looks due to reasons other than Covad-19.January 24, 2020
Sears Holding2018
Stage StoresMay 10, 2020
Things RememberedLargely a result of online competition in its product class.February 2019
Toys “R” Us2017
True ReligionApril 13, 2020
Z GallerieAnother of the 2019 bankruptcy class, we included due to fond memories of this brand among the roster of so many destination retail centers.March 2019

Major Retailer Bankruptcy Tracker, 2019 - 2020

StoneCreek Partners, Retailer Database - Major Retailer Bankruptcies due to Covad-19

 

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