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Big name stores filing for bankruptcy amid COVID-19 pandemic

The pandemic has pushed some big businesses into bankruptcy—JC Penney, Neiman Marcus, Pier One, just to name a few. Seeing closed signs in windows is almost a common sight now. Pier One is one of many stores that has filed for bankruptcy. People we spoke to say even though the deals are great, there are […]

Neiman Marcus files for bankruptcy

Neiman Marcus filed for bankruptcy Thursday as the coronavirus pandemic continues to batter the retail industry. Neiman said in a statement that it entered into a restructuring agreement with creditors that will allow it to “substantially reduce debt and position the company for long-term growth.” Neiman did not announce any store closings Thursday. It has […]