This year, Neiman Marcus and J.C. Penney joined the ranks of some of the biggest retail bankruptcies on record, including Sears, Toys R Us and Circuit City.
Neiman Marcus, J.C. Penney, Ascena Retail Group and Tailored Brands have now joined the ranks of some of the all-time biggest retail bankruptcies on record — including Sears, Toys R Us and Circuit City.
Below are the 10 biggest retail bankruptcies of 2020, listed by asset sizes and liabilities at the time of their filings. The list was compiled using data from court filings, S&P Global Market Intelligence and BDO. (CNBC Dec. 26, 2020)
J.C. Penney
Assets: More than $5 billion
Liabilities: More than $10 billion
Stores at time of filing: 846
Neiman Marcus
Assets: More than $5 billion
Liabilities: More than $5 billion
Stores at time of filing: 67
Guitar Center
Assets: More than $1 billion
Liabilities: More than $1 billion
Stores at time of filing: Roughly 300
Tailored Brands
Assets: More than $1 billion
Liabilities: More than $1 billion
Stores at time of filing: 1,400
Ascena Retail
Assets: More than $1 billion
Liabilities: More than $1 billion
Stores at time of filing: 2,800
GNC
Assets: More than $1 billion
Liabilities: More than $1 billion
Stores at time of filing: 2,633
J.Crew Group
Assets: More than $1 billion
Liabilities: More than $1 billion
Stores at time of filing: 491
Brooks Brothers
Assets: $500 million
Liabilities: $500 million
Stores at time of filing: 244
Stein Mart
Assets: $500 million to $1 billion
Liabilities: $500 million to $1 billion
Stores at time of filing: 281
Pier 1 Imports
Assets: More than $400 million
Liabilities: More than $250 million
Stores at time of filing: 991
