20 Retailers Collapsing Right In Front Of Our Eyes

The carnage in the retail sector does not stop. Even established names that have been with us for centuries are now starting to fall apart all around us due to the toughest economic environment we have seen since the 1970s. Consumers will lose some of their favorite stores this year, according to data provided by several sources familiar with the matter. From Starbucks to Disney, from apparel retailers to department stores, everyone in the industry seems to be on the edge, and mass shutdowns are already happening as retailers grapple with the impact of declining sales, inflation, and huge debt burdens at a time of increased financial volatility and higher potential for disaster. For example, David’s Bridal, known as the Walmart of weddings, just filed for bankruptcy and announced that it has plans to lay off 82% of its staff, or around 9,200 workers. The company was in distress for several months before seeking Chapter 11 protection. That marked the second bankruptcy in five years. CEO James Marcum reveal