By Liz Wolf | National Real Estate Investor
As the coronavirus pandemic has accelerated the pain already felt in the retail sector with forced store closures, social-distancing restrictions and a significant change in consumers’ shopping behaviors, retail bankruptcies continue to pile up.
Nearly 40 retailers have already filed for bankruptcy this year, according to a July report by S&P Global Market Intelligence. This already exceeds the total number of filings for all of 2019.
While in the past, private equity players have acquired retailers out of bankruptcy, now new rivals are on the scene as the distressed retailers’ landlords are stepping in to rescue them.