More retail stores have already announced closures in 2020 than in all of 2019, the previous record year, according to a report by professional services firm BDO USA.
Through mid-August, more than 10,000 stores had closed, a number that partly reflects the 29 retail chains that have claimed bankruptcy so far this year. Many are household names, such as Pier 1, J. Crew, Neiman Marcus, J.C. Penney, Brooks Brothers, and Ascena, which owns Ann Taylor, LOFT, and Lane Bryant.
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