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Bankruptcies Rip Through U.S. Mall Tenants With No End in Sight

Aug. 3, 2020, 5:06 PM

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.

At least 25 major retailers have now filed for bankruptcy this year, with 10 of these coming over the last five weeks. The steady drumbeat ...