Which Retailers will Coronavirus Kill? — Market Mad House

Coronavirus will kill many retailers, including some iconic brands. Retailers are falling fast because the retail apocalypse was devastating the sector before coronavirus.

The pandemic is devastating retail because government has closed nonessential stores in many areas. In fact, Business Insider over 90 major US retail brands had closed stores on 23 March 2020. Thus many of those retailers are not making any money.

For example, sales at clothing stores fell by 78.8% and sales at electronics and appliance stores fell by 60.6% April 2020, Business Insider . Therefore, I conclude most clothing retailers will die.

Predictably JC Penney (NYSE: JCP), J. Crew Group, and Neiman Marcus have chapter filed for Chapter 11 bankruptcy, The New York Times . To elaborate, Chapter 11 bankruptcy prevents creditors from taking legal action against companies.

What Retailers will Coronavirus Kill?

Many famous retail brands will disappear completely because of coronavirus. Some of the most prominent coronavirus casualties in American retail could include:

Sears. The sick man of American of retail has been dying for a long time. In fact, Sears was down to 182 operating stores by February 2020, Business Insider…