Sears, JCPenney, J. Crew and other American retail giants have survived the impact of the war, the economic depression, and even the rise of e-commerce.

But this new pandemic virus pandemic has an impact on retailDevastating shock,LetJ. Crew becomesThe first bankrupt due to an epidemicLarge retailer.

Image source: NBC

Headquartered innew YorkJ. Crew, who operates 182 J. Crew retail stores, and 140 Madewell stores, the former first lady Michelle Obama loved the brand very much, and let it into the public's vision.

Currently, J.Crew has filed for bankruptcy in the Virginia (Virginia) Federal Court, agreeingForgive its debt of about $ 16.5 billion, The exemption is to transfer its ownership to the creditors. In addition to debt relief, J. Crew alsoPlan to close the store,butfinallyThe number of store closures has not been determined.

Image credit: Reuters

It ’s not just J.Crew who is in bankruptcy, as early as last month Sears Due to the impact of the epidemic, all of its brand stores were closed, and Sears headquarters dismissed most of its employees.

Sears owned about 2013 stores in 2000, but these yearsLoss of $ 120 billion, Bankruptcy is inevitable. As early as 2018, Sears applied for a bankruptcy, this time the second and final bankruptcy application due to the new crown pandemic. For Sears,May soon usher in the finale.

The most unexpected isAmerican high-end department store Saks, Last monthNeiman MarcusAfter the announcement of bankruptcy, another high-end department store giant also began to prepare for bankruptcy applications.

From last year to this year, many old stores in North America have left us...

New YorkBarneys New York

In 2019, it announced that it would close 19 stores across the United States

Ended 96 years of business in the United States

Influenced by online salesMessi, Wei Mi, CVSWaiting for a lot of shops we often go to

Announced in 2019 to close the store

Today's unexpected disaster is even worse for retailers

When the epidemic is over, everyone can go out normally,

Can we still see the shops we used to know?

Reference:

https://www.cnn.com/2020/05/04/business/j-crew-bankruptcy-jcpenney-sears-neiman-marcus-retailers-coronavirus/index.html

https://www.cnbc.com/2020/05/04/preppy-retailer-j-crew-files-for-bankruptcy.html

Costco Kroger Ralphs and other supermarkets limit the purchase of chicken, beef and pork. More processing plants continue to close. Will we not be able to buy meat?

The Great Depression of the United States is reappearing? Millions of gallons of milk have been poured, and XNUMX tons of vegetables have been buried in the land.

Must hold on! 112-year-old American department store Neiman Marcus filed for bankruptcy protection this week...

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❤️ Hope everyone is healthy

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