Over the past few weeks (and months) a number of retailers – including some of my favorites – have filed for bankruptcy. I suspect that some who closed because of coronavirus may fail to reopen or may go out of business within the next 12 months. Here is a list of retailers (and restaurants) I know and like which have either gone out of business, filed for bankcurtcy protection, or appear to be on shaky financial footing.
- J Crew
- Neiman Marcus
- Sage Stores ( Beall’s, Palais Royal)
- JC Penney
- Papyrus
- Pier 1
- Jo-Ann
- Forever 21
- Sears and K-Mart
- Steak and Shake (sigh)
- Lane Bryant
- Ann Taylor
If you want to see who else might be on the chopping block, read more here. Think closeout sales! BTW, did you know that Memorial Day is one of the best days in the year to shop for appliances like refrigerators, dishwashers, and stoves?
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