Surviving department stores are hoping to gain market share from weakened competitors. They might not want to get their hopes up. By mid-July, the number of 2020 bankruptcy filings for retailers—specifically, those seeking relief through a restructuring rather than liquidating their businesses—had exceeded 2019’s full-year numbers. These include department-store names such as J.C. Penney, Gordmans parent Stage Stores and Neiman Marcus.

Source: Wall Street Journal September 21, 2020 11:03 UTC