Retail Brands Might Not Die, but They Could Get Trapped in Purgatory

Companies expand and contract in and out of bankruptcy

zombie retail
About 20,000 U.S. stores closed in 2020. ChefBoyRG/Getty Images

Some 20,000 U.S. stores closed in 2020, and investment bank UBS projected another 80,000 will shutter through 2026. It may sound like the retail apocalypse is finally upon us, but there’s one important detail: When a retailer closes up shop, it isn’t necessarily permanent.

This story first appeared in the May 3, 2021, issue of Adweek magazine. Click here to subscribe.
@lisalacy Lisa Lacy is Adweek's Commerce Editor.