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The 10 biggest retail bankruptcies of 2020



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Robert Barnes | Getty ImagesMore than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high.Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put in place in March to slow the spread of the virus turned into prolonged store closures for many businesses that didn’t sell essential items like groceries. Retailers that started 2020 already in a tough spot were hit harder. Liquidity was strained and sales went into a freefall.”The magnitude of bankruptcies has been …

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