This year has been huge for bankruptcies.
As of August 9, 424 companies had filed for bankruptcy, putting the US on track for its highest yearly tally in a decade, according to S&P Global Market Intelligence.
More than 100 of those bankrupt companies are consumer-focused.
Those consumer companies have also been among the most high-profile businesses to file for bankruptcy, accounting for 11 of the 35 biggest bankruptcies so far this year.
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With the temporary closure of nonessential retail stores, and many people shifting their spending as they continue to stay home, it makes sense that consumer-centric companies would be among the hardest hit during the coronavirus pandemic.
Here are the biggest consumer bankruptcies so far this year, each with more than $1 billion in liabilities at the time of their filing, according to S&P.
Source: Business Insider