Retail Apocalypse Continues: Bankruptcies & Store Closings Are Creating An Apocalyptic End Game

The retail apocalypse is causing bankruptcies, liquidations, and store closings that are fast spreading across the nation, and celebrated iconic brands are witnessing the inevitable collapse of their businesses as they shut down permanently. In this video, we analyzed a study that indicated that the catastrophic retail crisis reached record bankruptcies in the first half of 2020, and the economic collapse boosted by the sanitary outbreak is pushing the sector to the edge. In that sense, millions of jobs are permanently gone due to lockdown restrictions that deeply affected this industry. In this video, the Epic Economist crew examined the impacts of the generalized retail meltdown and also listed some of the most popular stores that are closing doors for good. Mandatory store closures enacted by the government, social distancing rules, supply chain issues, and the upsurge in e-commerce sales have contributed to accelerate the collapse of brick-and-mortar retailers, provoking a massive wave of bankruptcies