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

The retail apocalypseis causingbankruptcies, liquidations, and store closingsthat are fast spreading across the nation, and celebrated iconic brands are witnessingthe inevitable collapse of their businesses as they shut down permanently. In this video, we analyzed a study that indicated thatthe catastrophic retail crisisreached recordbankruptciesin the first half of 2020, and theeconomic collapseboosted by the sanitary outbreak is pushing the sector to the edge. In that sense, millions of jobs are permanently gonedue to lockdown restrictions that deeply affected this industry. In this video, the Epic Economist crew examinedthe impacts of the generalized retail meltdownand also listed some of themost popular stores that are closing doors for good. Mandatorystore closuresenacted by the government, social distancing rules, supply chain issues, and the upsurge in ecommerce sales have contributed to acceleratethe collapse of brickandmortar retailers, provokinga massive wave of bankruptcies