Bankruptcies Rip Through U.S. Mall Tenants With No End in Sight
> Tailored Brands, Lord & Taylor are latest to file Chapter 11
> Companies must plan for holiday season as Covid-19 cases climb
August 3, 2020 | Kim Bhasin | Bloomberg
Every week seems to bring another round of retail bankruptcies. With conditions worsening, the numbers are likely to keep climbing.
Over the weekend, Tailored Brands Inc. — the owner of Men’s Wearhouse and JoS. A. Bank — and department store Lord & Taylor filed for Chapter 11. The Canadian unit of Chico’s FAS Inc. declared bankruptcy on July 31. The previous week, it was Ann Taylor and Lane Bryant parent Ascena Retail Group Inc.
