The Most Notable Major Chains That Have Filed for Bankruptcy During the Pandemic

Some have been able to file for Chapter 11 and reorganize, while others have liquidated and closed stores for good.

By Kenny Herzog • Aug 03, 2020
Tiffany Hagler-Geard | Bloomberg | Getty Images

As Congress continues to kick the can on a second round of federal stimulus, national retail, recreation and restaurant franchises remain vulnerable to closures and liquidations (which is to say nothing of smaller, independently owned businesses). Lord & Taylor, Men’s Wearhouse and Jos. A Bank (the latter two owned by the same parent company, Tailored Brands) all filed for Chapter 11 bankrupty protection over the weekend. The three department stores join a list of major American chains across industries that were already teetering prior to the pandemic but have buckled amid stay-at-home orders and continued surges in coronavirus infection.

Below is a list, by sector, of noteworthy brick-and-mortar powerhouses that have been forced to reorder their finances, search for new ownership or liquidate some or all assets since March. (Click each brand’s hyperlink for more information.) We will update the list if needed.

Related: Microsoft Is Permanently Closing Its Retail Stores

Department and clothing stores

Restaurants

Related: GNC Is Closing 248 Stores After Filing for Bankruptcy. Here’s the Full List

Miscellaneous retail and recreation

As Congress continues to kick the can on a second round of federal stimulus, national retail, recreation and restaurant franchises remain vulnerable to closures and liquidations (which is to say nothing of smaller, independently owned businesses). Lord & Taylor, Men’s Wearhouse and Jos. A Bank (the latter two owned by the same parent company, Tailored Brands) all filed for Chapter 11 bankrupty protection over the weekend. The three department stores join a list of major American chains across industries that were already teetering prior to the pandemic but have buckled amid stay-at-home orders and continued surges in coronavirus infection.

Below is a list, by sector, of noteworthy brick-and-mortar powerhouses that have been forced to reorder their finances, search for new ownership or liquidate some or all assets since March. (Click each brand’s hyperlink for more information.) We will update the list if needed.

Related: Microsoft Is Permanently Closing Its Retail Stores

Department and clothing stores

Restaurants

Related: GNC Is Closing 248 Stores After Filing for Bankruptcy. Here’s the Full List

Miscellaneous retail and recreation

Kenny Herzog

Digital Content Director at Entrepreneur Media
Entrepreneur Staff
Kenny Herzog is currently Digital Content Director at Entrepreneur Media. Previously, he has served as Editor in Chief or Managing Editor for several online and print publications, and contributed his byline to outlets including Rolling Stone, New York Magazine/Vulture, Esquire, The Ringer, Men's Health, TimeOut New York, A.V. Club, Men's Journal, Mic, Mel, Nylon and...

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