As an AI language model, I don’t have real-time data. However, I can provide you with information on some of the biggest bankruptcies in the retail sector in recent years, up until 2021, based on historical data. Please note that this information may not include bankruptcies from the current year or make up a definitive top 10 list. Additionally, bankruptcies can vary in terms of scale and financial impact. Here are some of the notable bankruptcies:
1. Toys “R” Us (2017) – The toy retailer filed for bankruptcy, leading to the closure of all its US stores and liquidation of assets.
2. Sears Holdings Corporation (2018) – This iconic American retailer filed for bankruptcy, leading to the closure of numerous Sears and Kmart stores.
3. J.C. Penney Company, Inc. (2020) – J.C. Penney filed for Chapter 11 bankruptcy protection and closed hundreds of stores.
4. Neiman Marcus Group (2020) – The luxury department store chain filed for Chapter 11 bankruptcy and closed several stores.
5. Brooks Brothers (2020) – The men’s clothing retailer filed for bankruptcy after being hit hard by the COVID-19 pandemic.
6. J.Crew Group, Inc. (2020) – J.Crew filed for bankruptcy due to the impact of the pandemic and announced store closures.
7. Lord & Taylor (2020) – The oldest American department store chain filed for bankruptcy and liquidated its inventory.
8. GNC (2020) – The health and nutrition retailer filed for Chapter 11 bankruptcy and planned to close hundreds of stores.
9. Pier 1 Imports (2020) – The home furnishings retailer filed for bankruptcy, attributing its decline to online competition.
10. David’s Bridal (2018) – The wedding dress retailer filed for Chapter 11 bankruptcy but continued operations after restructuring.
Keep in mind that this list is not exhaustive, and there may have been other major bankruptcies in the retail sector. For up-to-date information on the current year’s bankruptcies, it would be advisable to consult reliable news sources or financial databases.
