- Retailers are already filing for bankruptcy in 2020.
- Papyrus and Earth Fare are two major names that are slated to shut down all remaining stores.
- Not all retail bankruptcies result in outright liquidation, however. Companies can also use bankruptcy as an opportunity to turn things around financially.
- Visit Business Insider’s homepage for more stories.
2020 has only just begun, but the first retail bankruptcy filings of the year are already underway.
The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. This resulted in everything from outright liquidation to financial reshuffling.
But either way, the retail business being what it is, it’s not unreasonable to expect to see more shuttered stores on the horizon. More than 2,200 stores are already expected to close across the country this year.
Here’s a list of the retail companies that have filed for bankruptcy so far in 2020:
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