After bankruptcy, huge discount chain makes comeback
The retail chain was sold after bankruptcy and new owners will resume operations.
The post-pandemic years have been rough for retailers. Dozens have suffered catastrophic losses that led to liquidations, bankruptcies, and outright closures.
The number of closures has been steadily and steeply climbing. In 2022 1,680 retailers closed, 2023 saw 4,070, and in 2024 there were 7,325. Coresight Research, which tracks this data, expects another 15,000 in 2025.