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DISTRESSED DAILY: Brick-and-Mortar Retail May Not be Dead Yet

Dec. 1, 2020, 1:00 PM

The Covid-19 pandemic helped usher in major retail bankruptcies from the likes of J. Crew Group, Neiman Marcus Group, J.C. Penney and Ann Taylor parent Ascena Retail Group, but it’s mostly accelerated ways the retail industry was already shifting.

“Customers are more value conscious,” Christa Hart, senior managing director at FTI Consulting, said during a virtual panel on retail investing as part of Beard Group’s Distressed Investing Conference. Customers have been spending less overall, but buying more online. “I expect those trends will continue,” she said.

Although many bankrupt firms are likely to continue ...

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