While the coronavirus has affected all Americans, its pain has not been shared equally. The worst affected are the more than 167,000 victims of the pandemic and the more than 5 million infected who might endure the long-term effects of the crisis. Also hard hit are the more than 20 million people who have lost jobs in the economy’s plunge, some of which will have vanished forever.
Other coronavirus “losers” are growing in number. Le Tote, which owns Lord and Taylor, and Tailored Brands, which owns Men’s Wearhouse, have filed for bankruptcy, joining the more than 40 other retailers who have filed so far this year, reports Standard and Poors Global Market Intelligence. That list contains such retail icons as Neiman Marcus and the Gap. More retailers have gone bankrupt this year than in the past eight years.
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