Among the many victims of the coronavirus pandemic has been the retail industry. Sales at brick-and-mortar stores plunged during the early lockdown days and are still down sharply in a number of segments like apparel, department stores, and mall-based chains.
The holiday season is always a crucial time of year as retail sales spike when Americans typically pour into stores between Black Friday and Christmas to buy gifts for loved ones, but this year the industry is desperate for a spending surge to make up for steep losses earlier in the year. A number of retailers are already teetering on the edge of bankruptcy. Let’s take a look at 10 chains that may not survive without a strong holiday season.
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