It’s hard to overstate it. The coronavirus pandemic has been a disaster for the retail industry. Weeks of lockdowns followed by sluggish store traffic have forced a number of weaker retailers to bankruptcy, with most seeking Chapter 11 protection, planning to restructure debt and reopen as slimmed-down businesses.
While overall retail sales have actually fully recovered, completing the “V-shaped recovery” that some prognosticators had called for, that recovery has been uneven, favoring supermarkets and home-improvement chains, while sales at apparel stores and other specialty businesses are still well below normal levels.
Keep reading to see 10 retailers in the apparel sector and elsewhere that have been forced to seek bankruptcy protection by the pandemic.
5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.