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You would be hard pressed to find a retailer that, for better or worse, was unaffected by COVID-19.
While some thrived, the pandemic brought financial strains if not outright turmoil to many companies. In 2020, Retail Dive tracked 30 major retailers that filed for bankruptcy.
Others, meanwhile, are searching for their footing in a retail environment undergoing continual change. The rollout of the COVID-19 vaccine has given both Americans in general and retailers reason for hope. Even so, foot traffic and sales to many discretionary retailers remain below 2019 levels.
That has made previously healthy businesses seem more wobbly than they did in 2019, and heavily indebted or weaker operators are even more vulnerable.