Number of Distressed Retailers Grows With Worsening Economy

Store closures, a record drop in consumer sentiment and a spike in unemployment have hit the sector hard

an empty parking lot
Retail faces headwinds that may eclipse the financial crisis. Getty Images

As the coronavirus pandemic continues to exact a toll on merchants large and small—from tech-savvy startups to legacy brick-and-mortars—analysts are gaining more insights into the state of retail and the companies most acutely affected.

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@RichCollings richard.collings@adweek.com Richard Collings is a retail reporter at Adweek.
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