We need to talk about how bad things are getting for retailers. Bankruptcies are ripping through American malls and there's no end in sight. (cont.) https://www.bloomberg.com/news/articles/2020-08-03/bankruptcies-rip-through-u-s-mall-tenants-with-no-end-in-sight?sref=jmdlngds

This weekend, the owner of Men's Wearhouse and JoS A Bank went bankrupt. So did Lord & Taylor. A few days ago it was Chico's in Canada. Last week it was Ann Taylor's parent.

At least 25 major chains have gone bankrupt in 2020. 10 of them were in the last five weeks. (cont.)

Clothing's worst off, with apparel sales still down 30% in June.

J.C. Penney, Neiman Marcus, J. Crew, Brooks Brothers, G Star Raw, Lucky, True Religion and many more also filed for bankruptcy earlier this year. (cont.)

Analysts are worried that companies will lean toward liquidation, instead of restructuring debt with the hopes of staying in operation. Some brands will be wiped out. (cont.)

So far, the bankrupt stores are the ones that were already in trouble. But now basically all the major retailers have taken on debt during lockdown.

They're flying into the holiday season blind and need to make the right decisions to avoid being a part of the next wave.