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2. J.Crew: The popular clothing retailer filed for bankruptcy in 2020 as consumers shifted to online shopping and amid declining sales. |
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3. Neiman Marcus: The luxury department store chain filed for bankruptcy in 2020 due to mounting debt and the impact of the pandemic on retail. |
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4. Pier 1 Imports: The home goods retailer filed for bankruptcy in 2020 as it struggled to compete with online competitors and declining foot traffic in stores. |
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5. Chesapeake Energy: The oil and gas exploration company filed for bankruptcy in 2020 due to a drop in oil prices and high levels of debt. |
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6. California Resources Corporation: The oil and gas company filed for bankruptcy in 2020 as it faced financial troubles amid low oil prices and declining demand. |
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7. Frontier Communications: The telecommunications company filed for bankruptcy in 2020 due to mounting debt and declining revenue from its traditional landline business. |
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8. H&M: The Swedish fast-fashion retailer has been struggling with declining sales and increased competition from online retailers, leading to speculation of a potential bankruptcy in the future. |
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9. Macy’s: The iconic department store chain has faced financial challenges in recent years due to declining mall traffic and increased competition from online retailers, leading to speculation of a potential bankruptcy in the future. |
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10. AMC Entertainment: The movie theater chain has been hit hard by the COVID-19 pandemic, with theaters forced to close for extended periods and consumers hesitant to return to in-person entertainment, leading to speculation of a potential bankruptcy in the future. |