Tuesday, May 24, 2022
57.9 F

    Latest Posts

    The Road to Tyranny by Don Jans

    These Retailers Filed for Bankruptcy in August; Here’s Who Might Be Next


    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…

    Read the rest of the story on The Epoch Times

    Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

    - Advertisement -
    0 0 votes
    Article Rating
    Notify of
    Inline Feedbacks
    View all comments

    Latest Posts


    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.