The Coronavirus Retail Casualties Are Already Piling Up: Pier 1, Modell’s, Kaufhof [Forbes]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: Forbes
We're already seeing the first signs that some iof these temporary closings could be permanent.... [+](photo by Mike Kemp/In PIctures via Getty Images)In Pictures via Getty ImagesIf will be the loss of human life that will unquestionably be the biggest tragedy of the coronavirus pandemic.But the loss of business life will also be devastating. While any number of companies, particularly in the field of retailing, are unlikely to survive this crisis we’re already seeing the first wave of casualties here in the U.S. and around the world.And if we don’t know how many there will be whenever the coronavirus pandemic starts to lessen we do know which businesses have already succumbed – or are on life support – because of the massive economic and social disruption caused by this crisis. From bankruptcies to cancelled liquidation sales to deals becoming undone, the toll is mounting up.• The biggest coronavirus-related bankruptcy has come in Germany where the country’s leading department store
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