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Another anotherThe retail chain can soon close its doors in the middle of the coronavirus pandemic. The Belk Regional Grand Store may have problems, according to a new report ofStrongwho claims severalThe sellers of Belk say they are not paid in a timely manner - if at all. Suppliers also report that many of their contacts at the store emit limited communications, with some that are completely radio.

Belk was founded by the Belk family, which started the chain with a single store in their northern North North Carolina in 1888. The company has developed since 291 retail places of 16 states at mid- Atlantic and south. The company remained largely in family management until 2015, when the Sylcamore Partners' equity companybought Belk for $ 3 billion.

According to a report of July 2020 in thePost of New York, Sycamore's partners initiallyplanned to merge Belk with JCPENENY, whodeposited for bankruptcy May 15th. However, these plans seem to have since fallen.

Even before coronavirus lock started pseudonyms, indications ofFinancial Disorders of Belk were apparent. In February 2020, Belk announced the elimination of 80 jobs in his head office in Charlotte, North Carolina.

In March, with coronavirus spreads rapidly in all the United States, Belkclosed all its retail stores from March 17th to early May. Barely two months after the reopening, the chain announced additional layoffs in July, although the company does not specify the number of employees concerned. "In order to cope with the impacts of COVID-19,Belk had to make some of the most difficult decisions His 130 years of history, "said the company in a statement.

Although Belk did not officially officially announcely announced store closures, sellers sayStrong They are "not optimistic" on the situation. Of course, Belk is not alone in his struggle for his doors to be opened in the middle of the global economic crisis. Read it to find out which stores have already started closing in the middle of Covid. And for more news from the store closure,This beloved discount shop closes all its locations.

August 27, Lord & Taylor department store, which has 38 stores across the United States, announced that it haddeposited for bankruptcy And would get the closing of all its stores for good. "We believe that it is prudent to simultaneously put the rest of the stores in the liquidation in order to maximize the value of the stocks for the domain while pursuing options for the marks of the company"Ed Kremer, the Chief Restructuring Office of the Company, stated in a statement. And for more news from the store closure,This beloved retail chain could close a store near you.

Neiman Marcus was a victim of pandemic coronavirus, deposit of protection against the bankruptcy of Chapter 11 in May 2020. In a declaration,Representatives for the department store stated that Covid-19 closures had "an inexorable pressure on our company", withInternal business community Reporting in August that the chain would close 22 of its locations.

As a result, the luxury retaileremerged from the bankruptcy process of Chapter 11 September 25th. "With the successful implementation of our restructuring, Neiman Marcus and Bergdorf Goodman will continue to be pre-eminent luxury commercial destinations for years to come," General ManagerGeoffroy van Raemdonck said in a statement.

Although many Nordstrom stores are still alive and well, the company announced in May that it would close 16 of its department stores in addition to Jeffrey's three stores, who sold high-end designer goods. However, the business initiate reports that the company's arm of society, Nordstrom Rack,will not be affected by closures. And for more detail news at the end of the minute,Sign up for our daily newsletter.

The Stein Mart Reduced Retailer has announced the closure of its 280 stores in September, just one month after the deposit of Chapter 11 Protection against Bankruptcy. On September 14, A & G Imimaith Partners, the company responsible for marketing the deceased locations, announced that it wasactively search for new tenants For clogged stores. And for more insight in which stores could leave your area,This beloved department store has just announced that it closes all the places.

Discount Department Store CENTURY 21 announced on September 10th that it would beshut upIn New York, New Jersey and Pennsylvania after nearly 60 years of business. The store representatives do not have words on their feelings on the closures, either. "Our insurers, to whom we paid significant premiums each year for protection against unforeseen circumstances as if we live today, we turned the back to us at the most critical time", "CECENT 21 Co-CEO Raymond Gindi said in a statement.

Giant bathtub and beyond announced that it would beShochinging 200 of its retail locations-Aproxion 20% of its stores in the United States over the next two years.

"The impact of theThe situation of Covid-19 was felt in our company During our first tax trimester, including the loss of sales due to the temporary closure of the stores and pressure of the digital substantial channel change margin, "said the CEO of the store,Mark Tritton, in a statement of July 8th.

Another victim of the original property sector, Pier 1 announced its bankruptcy filing on May 20, 2020. "The difficult retail environment has been considerably aggravated by the deep impact of Covid-19, hinders our capacity to guarantee such a buyer andto force us to go down, "The CEO of the brand and the CFORobert Riesbeck said in a statement. The Pier 1 is currently closing all of its 540 United States retail locations by the end of October.

Kitchen shop on the table filed in chapter 11 bankruptcy in July, announcing that it would be closingMore than half of its 121 stores. On September 11, the company announced that this would clog the 17 additional stores;United States today reports that 63 locations are already listed asPermanently closed.

On September 22,Candy Store IT'Sugar, which operates about 100 stores across the United States, filed for the protection of the bankruptcy of Chapter 11. "The effects of the CVIVID-19 pandemic on demand, the sales levels and behavior of consumers, as well as the 'economic environment of the recession, have had an important adverse effect on it'sugar's activities, the results of operations and the financial situation, "Jarett Levan, President of Holding Company BBX Capital Corporation and BBX Capital Florida, LLC, explained in a statement.