Good Lifestyle

As the coronavirus pandemic continues to upset life across the United States, reopened companies have struggled to take over. Some of the most well-known chains and long-term department stores have beenforced to close their doors, Unable to draw enough customers to make their operations worth it. And this trend should not change soon. In fact, the latest retail news could leave a bitter taste in the mouth:It'sugar, the candy deductible that operates at about 100 places across the country, broke away.

On September 22, BBX Capital Corporation announced that it'sugar its popular candy store would beFiling for the bankruptcy of Chapter 11. According to the site it'sugar, which was once the "biggest andSpecialty The strongest growth Candy detailing With 100 locations across the United States and abroad "is seriously in difficulty. Most of these locations are in shopping centers, where the store has become an integral part of the purchase experience for those with a sweet tooth. But now, it'sugar is in trouble.

"Unfortunately, it has become necessary for It'Sugar to make this deposit, the effects of the CVIV-19 pandemic on demand, the level of sales, and the behavior of consumers, as well as the recessioneconomic environment, Have had an important unfavorable effect on IT'Sugar's activities, operating results and financial position, "Jarett LevanPresident of BBX Capital Corporation and BBX Capital Florida, LLC, said in a statement.

By the declaration, it'sugar closed all its stores in March on a temporary basis at the initial height of the coronavirus pandemic. These stores reopened in June and July, but the company is still a significant decline in sales. As Levan noted, about 60 percent of IT'Sugar's sales depended onTravel and tourism, Which are still seriously late throughout the country.

Given the current financial difficulties of the franchise, it'sugar has ceased to pay rent or only partial payments to all landlord stores and they obviously noticed. So far, the company has received default advice on the 49 points of sale, which is nearly half of all places in the United States

If you are a fan of It'Sugar and fear you will not be able to taste its candies again, rest assured that shops do not close, at least, not yet. The future of It'sugar is uncertain, but for the moment, BBX Capital Corporation hopes that the balance sheet filing will help the company survive. "We believe that IT'Sugar will be better placed to sail successfullyEffects of the CVIVID pandemic At the end of the bankruptcy, "said Levan.

Of course, It'Sugar is the last franchise that struggle to stay afloat in disastrous economic conditions. Read more for more stores that have been forced to declare bankruptcy as a result of the coronavirus pandemic. And for establishments that will not recover from COVID,60 percent of these closed companies will never reopen, according to a new report.

In July, Bed Bath & Beyond announced that they would close 200 stores over the next two years. CEOMark Tritton say itImpact of the COVID-19 situation Has been felt in all our activities during our first tax trimester. September 23rd, the company listed on 60stores that would close Before the end of 2020. And for more companies that have been hit hard, consult theseBeloved shops that are disappearing your city.

Stein Mart, A department store that has been serving customers for more than a century, deposited the bankruptcy of Chapter 11 in August. On September 14, the company said they would beStop all 280 of their stores, Citing the negative effect of COVID on the retail environment.

The house store on the table requested the bankruptcy protection of Chapter 11 in July and announced the closure of 51 stores in the middle of the pandemic. On September 11, they said a17 other stores would close, Leaving 55 other stores, as reported byUnited States today. And for another store that struggles,The most popular Halloween store will not reopen 90 percent of its sites.

September 10th21st centuryannounced a "wind down of its retail activities" andSales of commercial outflows at their 13 locations. Co-directorRaymond Gindi Recognized that "retailers through the board of directors have suffered a lot because of COVID-19. And for more stores that are no longer with us, review these17 beloved department stores that are now dead.

The oldest store in the country has looped under the weight of the pandemic. August 27, Lord & Taylorfiled for the bankruptcy of Chapter 11 and announced the imminent closure of all 38 of the company's stores.

Nordstrom fans can breathe a sigh of relief that Nordstrom onlyClosed a total of 19 of its 116 stores, as indicated by the Business Initiate on May 20th. It is always an important loss and another victim of the pandemic. And if you make purchases during the coronavirus, make sure you know you knowThe worst thing n ° 1 that you can do during your purchases right now.

"The stimulating retail environment has been considerably aggravated by the deep impact of Covid-19", "Executive Office and Chief Financial Officer of Pier 1Robert Riesbeck said on May 19, when the companydeposited for bankruptcy And announced that they would close all their stores.

Neiman Marcus was the first department store atBankruptcy file due to coronavirus, as a NPR reporting on May 7, May 7, according to the Business Initiate, the company hasClosed 22 of its locations Until now. And for more information up to date,Sign up for the daily newsletter.