Retailers that have filed for bankruptcy or liquidation in 2020
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.
The entire fleet of Papyrus stores was slated to shut down when the chain’s parent company, The Schurman Retail Group, filed for bankruptcy in January.
After Kroger announced it would divest its stake in Lucky’s Market in December, grocery industry observers wondered whether the regional chain might be in jeopardy. The following month, Lucky’s filed for Chapter 11 bankruptcy.
Organic grocer Earth Fare filed for Chapter 11 bankruptcy on February 4. The chain’s 50 natural foods stores will shut down.
Noah’s Event Venue, a chain offering spaces for various gatherings, technically filed for bankruptcy in May 2019. However, in February 2020, a federal judge ordered the remaining Noah’s locations closed, leaving engaged couples around the country scrambling.
Business Insider