One year into pandemic, Main Street bankruptcies continue

From iconic department stores to entertainment giants, the coronavirus has seemingly spared no one in its devastation of the U.S. economy.

Falling consumer demand, reduced entertainment spending, and stay-at-home orders mandating certain businesses stay closed continue to take their toll on a retail industry that has been struggling for the past several years as consumers pivot to online shopping.

Even as the economy slowly reopens, social distancing measures are impacting restaurant and store capacity, creating longer-term problems.

While bankruptcy doesn’t inherently mean that a company will go out of business — it’s more a financial restructuring — it does spell news of changes to come.

Here’s a list of all the major companies to have filed for bankruptcy so far since the coronavirus pandemic hit the U.S.

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