Big Name Businesses Have Filed for Bankruptcy Due to Coronavirus

Since the Coronavirus pandemic, thousands of American businesses and brands have been propelled to bankruptcy due to a hurting economy in a nation where life is moving at a much slower pace than normal.

While a decent number of the businesses that are filing bankruptcy were already struggling financially before the pandemic hit, many businesses are experiencing the effects of the virus as the unemployment rate rises and a decent amount of the population is having to work from home. Fear of catching the virus as well as government stay-at-home orders have forced many businesses to close down completely.

While bankruptcy doesn’t necessarily mean that a company will go out of business, it does change the financial structure of a company.

Here are a list of just a few of the thousands of big name businesses that have filed for bankruptcy since the pandemic:

  • Victoria’s Secret
  • J.C. Penny
  • Gold’s gym
  • Gap
  • Victoria’s Secret
  • Bath & Body Works
  • Sears
  • Walgreens
  • J. Crew
  • GameStop
  • GNC
  • Stage
  • Neiman Marcus
  • Bed Bath and Beyond
  • Pier 1 Imports
  • Nordstrom
  • Destination Maternity
  • Lucky Brand
  • Macy’s
  • Olympia Sports
  • Chuck E. Cheese
  • Hertz
  • Tuesday Morning