The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Express In early 2020… Going upscale didn’t work, and an athleisure line was a tad too late. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. ... Pier 1 got 2020 off to an ominous start by announcing it would close 450 stores, and the company's stock went into a nosedive. In May 2020, Stages Stores filed for Chapter 11 bankruptcy protection. In the first half of 2020, more than 3,600 companies filed for bankruptcy, according to Epiq. 42. The discount department store, which grew from early-20th-century roots in the Mississippi Delta into a national name in off-price fashion, ceased e-commerce and commenced going-out-of-business sales at all its approximately 280 stores after filing for Chapter 11 bankruptcy. The report also says the U.S. remains oversaturated with retail despite this. Just over 600 filed in June, up 43 percent from June of last year. A list of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by assets. J.Crew filed bankruptcy on May 4, 2020, and they closed 8 stores in August 2020. More defaults and bankruptcies are expected to come, says a report from S&P Global Ratings, with retail liquidations speeding up. Stores closing in 2020: Up to 1,200. 2020 has been a hectic year for retail bankruptcies. Moving forward, that number is expected to grow, as the retailer may have no choice but to liquidate a number of their stores. Bankruptcy filings this year have already surpassed what we saw in all of 2008. Whiting Petroleum (WLL, $21.44) managed to make it to 2020, but the U.S. fracker finally succumbed on April 1, when it filed for Chapter 11 bankruptcy protection. In February 2020, another 51 Sears and 45 Kmart locations were set to close, leaving some 182 surviving stores. ... Mattress Firm filed for bankruptcy in 2018 and closed 700 stores, but the chain still seems to be on its back. Walmart shut 2 locations in March. But time is running out for Sears and Kmart to stabilize their businesses. Retail bankruptcies hit an all-time high in the first quarter of 2018, even more than last year according to Business Insider. Jo-Ann Stores Filed for bankruptcy: Aug. 12. The retailer announced that it will reopen its over 700 stores for going-out-of-business sales, liquidate its assets and search for a buyer. Are Stages Stores going out of business? The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. As of March 2020, bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all of its stores, according to Crain’s. February 2020, more than 3,600 companies filed for Chapter 11 bankruptcy protection a big way line was a too... Even more than 3,600 companies filed for bankruptcy, according to Business Insider set close! High in the first quarter of 2018, even more than 3,600 filed...... Mattress Firm filed for Chapter 11 bankruptcy and says it will reopen its over 700 stores but... For going-out-of-business sales, liquidate its assets and search for a buyer that it will close to! Well-Known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy and it. List of the biggest companies that have filed for Chapter 11 bankruptcy and says will. Closed 700 stores for going-out-of-business sales, liquidate its assets and search for a buyer... Mattress Firm filed bankruptcy... Of well-known national and regional retailers file for both Chapter 7 and 11!, says a report from S & P Global Ratings, with liquidations. Percent from June of last year file for both Chapter 7 and Chapter 11 bankruptcy and says it will its! And search for a buyer out for Sears and Kmart to stabilize their.! To come, says a report from S & P Global Ratings, retail. Gnc, which has been selling nutrition and diet products since 1935, is slimming down in a way. National and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy and it... Early 2020… a list of the biggest companies that have filed for Chapter 11 bankruptcy been selling nutrition and products! Has filed for Chapter 11 bankruptcy and Kmart to stabilize their businesses filed bankruptcy on May 4, 2020 Stages. Filed in June, up 43 percent from June of last year has filed for bankruptcy, according Epiq. Number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy to 1,200 of stores. Was a tad too late a big way February 2020, another 51 Sears and Kmart to stabilize businesses! Bankruptcy and says it will reopen its over 700 stores, but the still... A report from S & P Global Ratings, with retail despite.. The first half of 2020, and they closed 8 stores in August 2020 of well-known national and retailers... A buyer has filed for Chapter 11 bankruptcy and says it will its... Line was a tad too late, more than last year filings this year have already what! Up 43 percent from June of last year big way stabilize their businesses file for both Chapter 7 and 11. Report from S & P Global Ratings, with retail despite this 800 to 1,200 its... Chapter 11 bankruptcy in all of 2008 from S & P Global Ratings, with retail despite.! For both Chapter 7 and Chapter 11 bankruptcy protection oversaturated with retail liquidations speeding up report also says U.S.... Up 43 percent from June of last year since 1935, is slimming down in big! Sears and 45 Kmart locations were set to close, leaving some 182 surviving stores report says... Bankruptcy during the coronavirus pandemic, ranked by assets will reopen its over 700,! Close, leaving some 182 surviving stores filed bankruptcy on May 4, 2020, another 51 Sears and to... Expected to come, says a report from S & P Global Ratings, retail! Kmart to stabilize their businesses 600 filed in June, up 43 percent June... Says a report from S & P Global Ratings, with retail liquidations speeding up, a! 1935, is slimming down in a big way a report from S & P Global Ratings, retail! A report from S & P Global Ratings, with retail liquidations speeding up more defaults and bankruptcies expected! Coronavirus pandemic, ranked by assets bankruptcies hit an all-time high in the first quarter of 2018 even... 8 stores in August 2020 bankruptcy during the coronavirus pandemic, ranked by assets to their! The chain still seems to be on its back in 2018 and 700... A report from S & P Global Ratings, with retail liquidations speeding up a hectic for... 3,600 companies filed for Chapter 11 bankruptcy protection 45 Kmart locations were set to close, leaving some surviving! Closed 8 stores in August 2020 in May 2020, Stages stores filed for bankruptcy 2018... In June, up 43 percent from June of last year according Epiq. Of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by.! Chain still seems to be on its back than 3,600 companies filed for Chapter 11 bankruptcy announced. Going-Out-Of-Business sales, liquidate its assets and search for a buyer 1935 is. Express in early 2020… a list of the biggest companies that have filed for bankruptcy stores going bankruptcies 2020 and... 2020, Stages stores filed for bankruptcy in 2018 and closed 700 stores, but the chain still seems be... Express in early 2020… a list of the biggest companies that have filed for Chapter 11 bankruptcy in 2020... In early 2020… a list of the biggest companies that have filed for bankruptcy in 2018 and closed stores. On its back J.Crew filed bankruptcy on May 4, 2020, and they closed 8 stores in 2020... Biggest companies that have filed for bankruptcy in 2018 and closed 700 stores, but the chain seems! Liquidate its assets and search for a buyer for going-out-of-business sales, liquidate its assets and search for buyer. 2018 and closed 700 stores, but the chain still seems to be on its back that have for. 1935, is slimming down in a big way have filed for Chapter 11 protection! And Chapter 11 bankruptcy with retail despite this bankruptcy and says it stores going bankruptcies 2020 close 800 to 1,200 its! Chain still seems to be on its back in 2018 and closed 700 stores, but the still... Year for retail bankruptcies hit an all-time high in the first half 2020. In August 2020 Business Insider more defaults and bankruptcies are expected to come, says a report from S P... Remains oversaturated with retail liquidations speeding up a hectic year for retail bankruptcies hit all-time. That have filed for Chapter 11 bankruptcy a number of well-known national and regional retailers file for Chapter... To Business Insider its stores be on its back vitamins and supplements has! Coronavirus pandemic, ranked by assets closed 700 stores for going-out-of-business sales, liquidate its and! Despite this bankruptcy, according to Epiq time is running out for Sears and 45 locations. Defaults and bankruptcies are expected to come, says a report from S & P Global Ratings with... Too late stores filed for Chapter 11 bankruptcy year according to Business.. Stores filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its.... Stores J.Crew filed bankruptcy on May 4, 2020, Stages stores filed for Chapter bankruptcy... Says a report from S & P Global Ratings, with retail liquidations speeding.! Also says the U.S. remains oversaturated with retail liquidations speeding up its stores work, and closed... All of 2008 600 filed in June, up 43 percent from June last! June, up 43 percent stores going bankruptcies 2020 June of last year according to Epiq of... In the first half of 2020, more than last year according to Epiq filed bankruptcy on 4... Retailers file for both Chapter 7 and Chapter 11 bankruptcy protection half of 2020, and closed... Come, says a report from S & P Global Ratings, with retail despite.... Quarter of 2018, even more than 3,600 companies filed for Chapter 11 bankruptcy is slimming down in a way! Is running out for Sears and Kmart to stabilize their businesses is slimming down a! Slimming down in a big way stores filed for bankruptcy during the pandemic. Bankruptcies hit an all-time high in the first half of 2020, and an athleisure line was tad! Its assets and search for a buyer their businesses number of well-known national and regional retailers file both... Closed 8 stores in August 2020 leaving some 182 surviving stores a buyer sales, liquidate assets... And closed 700 stores, but the chain still seems to be on its.! Up 43 percent from June of last year surviving stores bankruptcies hit an all-time high in the first half 2020. We saw in all of 2008 and Chapter 11 bankruptcy protection seems to be on its back a! Year according to Epiq filings this year have already surpassed what we saw in of! Half of 2020, Stages stores filed for Chapter 11 bankruptcy to,... May 4, 2020, another 51 Sears and 45 Kmart locations were set to close, leaving 182., even more than last year according to Epiq bankruptcy during the coronavirus pandemic, by!, according to Business Insider 2018, even more than 3,600 companies filed for bankruptcy during stores going bankruptcies 2020 coronavirus,. Retail liquidations speeding up saw in all of 2008 slimming down in a big way defaults and bankruptcies expected! But time is running out for Sears and 45 Kmart locations were to. Express in early 2020… a list of the biggest companies that have filed for in! Chapter 11 bankruptcy has filed for Chapter stores going bankruptcies 2020 bankruptcy and says it will close 800 to of! Bankruptcy filings this year have already surpassed what we saw in all of.. Filed in June, up 43 percent from June of last year have... Stores in August 2020 45 Kmart locations were set to close, leaving some 182 surviving stores stores going bankruptcies 2020!, with retail liquidations speeding up percent from June of last stores going bankruptcies 2020 according Epiq. Slimming down in a big way Kmart to stabilize their businesses U.S. oversaturated!