6 beloved stores that you may never want to shop because of coronavirus
Neiman Marcus, J. Crew and David's Bridal are among those threatened at risk thanks to COVID-19.
Companies of all kinds were affected by the CVIV-19 pandemic. And although some segments are better adapted to the nasty of the prescribed closing months, others, such as retail chains and department stores - may not be able to bounce back from the financial blow caused by Coronavirus. Unfortunately, that means thatStates start lifting lock orders, consumers can find their brands of favorite clothing at risk for the property. With this, here are the beloved retail stores and bankruptcy filing with the financial spin-offs of the pandemic. And for more about how Covid-19 will change the way we live, check the5 gray realities of life after coronavirus, you must come to.
1 J Crew
May 4, J.Crew became theFirst major retail chain at bankruptcy Following the coronavirus pandemic. Report on the financial problem of the iconic clothing brand,Wall Street newspaper CITY J.CREW EN OPERATION OF OPERATIONMichael J. Nicholson, who stated that the company expects to lose $ 900 million after the coronavirus forced closure. And with the chain that is still fighting before the pandemic, it is not unlikely that it will close its doors for good. For other detail changes, you can expect to see after things meet again, check the7 major ways that Walmart will not be the same after coronavirus.
2 Neiman Marcus
Just a few days later J.Crew, the NPR reported the news that Neiman Marcus followed the pursuit and became theFirst major department store in Chapter 11. The luxury retailer was already a massive $ 4.3 billion debt after a capital-capital takeover in 2013. and, according toThe New York Times, the companyinsists that it does not mean they are in liquidationAnd that they will actually reopen the shops when it is careful to do it, Neiman Marcus's future does not look promising - the luxury retail space is not supposed to have a time Easy to bounce in a troubled economy.
3 Forever
It was obvious forever to remain afloat before Covid-19 resurfaced when the brand of fashion filed for bankruptcy last fall, announced it that it would beNearly more than 100 stores in the United States in However, they remain in business andwas even acquired By authentic brands, Simon Property Group and Brookfield Property Partners, just before the pandemic struck.
Nevertheless, the recent financial blow can prove too overcome. In reality,Post and mail, a local newspaper in Charleston, South Carolina, reported that theThe downtown retailer closes, with liquidation panels indicating that "everything must go" displayed throughout the store. And for more things that you may not see after Covid-19, consult the9 things you will never see in public after the coronavirus.
4 Bridal de David
With promettes called off andRepelled marriages indefinitely Because of the coronavirus, it is not surprising that the retailer of the wedding bride and the popular Ball David faces financial warmth. After temporarily closed more than 300 retail stores to slow the spread of COVID-19,The company has been forced to reduce salaries From the management team of the Board of Directors, the main companies and the field employees, reported Yahoo Finance. Not only that, but he also had to agree on many employees of shops and businesses. And for retail neighborhoods formerly who are no longer with us, check the17 beloved department stores that are now dead.
5 Northern
After the economic success caused by the coronavirus, CNBC reports thatNordstrom will close definitely 16 more than 116 full locations in the United States, while the brand has not published an official declaration on whether or not it is an indicator of the closure of more important operations and The company's scale, it certainly seems that this is not the last you hear on Nordstrom's projects to reduce its presence.
6 J.C. Penney
According toWall Street newspaper, the Covid-19 pandemic is only the final below in the manufactureJ.C. Penney's imminent bankruptcya reality. Debt of more than $ 3.7 billion, the company missed a payment of interest on April 15, opting to take advantage of a period of grace of 30 days. And while the company could technically cover the missed payment before the quick approach of the deadline to do so,Strongreport thatJ.C. Penney will probably have to declare bankruptcy.
