USA TODAY International Edition
BANKRUPTCY LIST GROWS: RETAILERS WHO HAVE FILED IN ’17
Toys R Us has filed for Chapter 11 bankruptcy protection, joining a growing list of companies struggling to navigate a retail landscape altered by technology and changing consumer tastes.
There’s even a new term that has emerged that points to the dire state of the industry: Chapter 22. This refers to companies that have been forced to seek bankruptcy protection for a second time.
Overall, 35 retailers have filed for bankruptcy so far this year, according to S&P Global Market Intelligence. Following are some of the retailers that have sought bankruptcy protection just this year: