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. ... 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. 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… In the first half of 2020, more than 3,600 companies filed for bankruptcy, according to Epiq. Going upscale didn’t work, and an athleisure line was a tad too late. ... Mattress Firm filed for bankruptcy in 2018 and closed 700 stores, but the chain still seems to be on its back. More defaults and bankruptcies are expected to come, says a report from S&P Global Ratings, with retail liquidations speeding up. A list of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by assets. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. 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. 42. The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. But time is running out for Sears and Kmart to stabilize their businesses. The report also says the U.S. remains oversaturated with retail despite this. Bankruptcy filings this year have already surpassed what we saw in all of 2008. In February 2020, another 51 Sears and 45 Kmart locations were set to close, leaving some 182 surviving stores. Stores closing in 2020: Up to 1,200. Jo-Ann Stores Filed for bankruptcy: Aug. 12. Retail bankruptcies hit an all-time high in the first quarter of 2018, even more than last year according to Business Insider. 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. Walmart shut 2 locations in March. 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 May 2020, Stages Stores filed for Chapter 11 bankruptcy protection. J.Crew filed bankruptcy on May 4, 2020, and they closed 8 stores in August 2020. Are Stages Stores going out of business? As of March 2020, bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all of its stores, according to Crain’s. Just over 600 filed in June, up 43 percent from June of last year. Sales, liquidate its assets and search for a buyer retailers file for both Chapter 7 and Chapter bankruptcy. 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