3 Winners in the Retail Apocalypse
If the plight of brick-and-mortar retailers was an apocalypse before the pandemic, it's hard to know what to call it now.
Much of the retail sector is facing an unprecedented threat from COVID-19, and bankruptcies in the sector continue to roll in. Ascena Retail Group, the parent of Ann Taylor and Lane Bryant, joined the Chapter 11 club last week, saying it would close up to 1,600 stores as part of a restructuring plan.
Other companies that have sought bankruptcy protection include J.C. Penney, Neiman Marcus, J.Crew Group, Tuesday Morning, and GNC Holdings, while others -- Zara, Men's Wearhouse parent Tailored Brands, and H&M -- have promised to close hundreds of stores.
Source Fool.com