BY
The breakneck pace of retail bankruptcies slowed in August, with at least three well-known companies filing for Chapter 11.
Compare that to July, when multiple well-known mall brands, including Sur La Table, Ascena Retail Group, and Brooks Brothers, sought bankruptcy protection. Despite the slowdown in bankruptcies, August was still a bloodbath: Several hundred stores closed and thousands of employees lost their jobs.
The carnage doesn’t look like it’s over, especially with the possibility of consumer spending hitting a wall because of the lack of another $1,200 stimulus check. Consumer confidence also fell for the second straight month in August to its lowest level in six years as Americans worry about the fragile economic recovery and an uncertain job market.
Here’s who filed this month and who might be next:
Lord & Taylor…
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