‘Mass extinction event’ feared as beleaguered retailers shut up shop across the US with 304 iconic stores set to close

RETAIL commentators feared an apocalyptic scenario could hit the sector during the pandemic. Experts were concerned that the Covid-19 crisis could produce widespread closures and huge job losses. 4 Retail experts are fearing that an apocalyptic scenario in the sector may unfold Credit: Getty Iconic chains such as Lord & Taylor – once America’s oldest department store – and Stein Mart were among chains that went to the wall amid the crippling impact of the pandemic. And, bosses at the discount chain Century 21 filed for bankruptcy in September 2020 and shut down its final 13 stores, CNBC reported. Stifel… Read Full Article