Jan 20, 2022 - Economy
Retail bankruptcies are on the decline
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Retail bankruptcies plummeted by more than half in 2021, matching the lowest level notched over the past decade.
Why it matters: This may signal an end to the pandemic-prompted retail apocalypse.
Yes, but: Just because the industry is in recovery mode doesn't mean all companies are out of the distress woods.
- Tailored Brands, J.Jill, Belk, and others, remain on rating agency watch lists.
Richard authors our new Axios Pro newsletter on retail deals. Subscribe at AxiosPro.com.
