These 38 retailers and restaurant companies have filed for bankruptcy or liquidation in 2020

Kamil Krzaczynski/ReutersA number of retailers have filed for bankruptcy this year.
  • A number of retailers and restaurant companies have filed for bankruptcy in 2020.
  • Not all bankruptcies result in outright liquidation.
  • Companies can also use bankruptcy as an opportunity to turn things around financially.
  • Visit Business Insider’s homepage for more stories.

2020 has been a hectic year for retail bankruptcies.

The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. This resulted in everything from outright liquidation to financial reshuffling.

But as the coronavirus pandemic roils the industry, more major retailers and restaurant chains have now filed for bankruptcy in the first nine months of 2020 than all of 2019.


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Here’s a list of the retail companies and restaurant chains that have filed for bankruptcy so far in 2020:


The entire fleet of Papyrus stores was slated to shut down when the chain’s parent company, The Schurman Retail Group, filed for bankruptcy in January.

Geri Lavrov / Contributor / Getty Images

Source: Business Insider


After Kroger announced it would divest its stake in Lucky’s Market in December, grocery industry observers wondered whether the regional chain might be in jeopardy. The following month, Lucky’s filed for Chapter 11 bankruptcy.

Joe Raedle/Getty Images

Source: Business Insider, CNN


Organic grocer Earth Fare filed for Chapter 11 bankruptcy on February 4. The chain’s 50 natural foods stores were set to shut down, but some locations have been acquired by new owners.

Holly Hildreth / Contributor / Getty Images

Source: Associated Press, Business Insider, Supermarket News


Noah’s Event Venue, a chain offering spaces for various gatherings, technically filed for bankruptcy in May 2019. However, in February 2020, a federal judge ordered the remaining Noah’s locations closed, leaving engaged couples around the country scrambling.

NOAH’S/Foursquare

Source: WBIR, Fox 23


Home goods retailer Pier 1 filed for Chapter 11 bankruptcy on February 17. In May, the Texas-based company said it would shut down its business after failing to find a buyer.

AP Photo/Nati Harnik

Source: Business Insider,Business Insider


Michigan-based chain Art Van Furniture filed for Chapter 11 on March 8.

Click On Detroit | Local 4 | WDIV/Youtube

Source: Click on Detroit

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Modell’s Sporting Goods filed for Chapter 11 on March 11. The family-owned sporting goods chain will liquidate its remaining stores after failing to find a buyer.

Business Insider/Jessica Tyler

Source: Bloomberg


FoodFirst Global Restaurants, the parent company of the Brio Italian Mediterranean and Bravo Fresh Italian restaurant chains, filed for Chapter 11 bankruptcy on April 10. The company said that 71 of its 92 restaurants had temporarily closed amid the coronavirus outbreak.

Maria A. / Yelp

Source: Restaurant Business


True Religion filed for Chapter 11 bankruptcy protection on April 13. It had previously filed for bankruptcy in 2017 but emerged from proceedings four months later.

Brett Deering/Getty Images

Source: Bloomberg


J. Crew filed for Chapter 11 bankruptcy protection on May 4. It emerged from proceedings in August.

Business Insider/Mary Hanbury

Source: Business Insider


Neiman Marcus filed for Chapter 11 bankruptcy on May 7, citing “inexorable pressure” from the coronavirus pandemic. Its reorganization plan was approved by the bankruptcy court at the beginning of September.

Katie Warren/Business Insider

Source: Business Insider


Stage Stores, which owns Goody’s, Palais Royal, Bealls, Peebles, and Gordmans, filed for Chapter 11 bankruptcy on May 10, saying that coronavirus-related closures exacerbated a “challenging market environment.” The company said it would start winding down operations while seeking a buyer for part or all of its business.

Fox E. / Yelp

Source: Stage Stores


Garden Fresh Restaurants, owner of the buffet chains Souplantation and Sweet Tomatoes filed for Chapter 7 bankruptcy on May 14, choosing to close its doors for good.

Photo by Mel Melcon/Los Angeles Times via Getty ImagesJune Ross, left, from Lancaster, and friend Barbara Murray, from Victorville, fill their plates up while visiting the salad bar at Souplantation in Camarillo.

Source: Restaurant Business


JCPenney filed for bankruptcy on May 15, saying in court documents that pandemic-related disruptions pushed it over the edge. On September 9, it announced it had reached a tentative deal with its landlords to save it from liquidation. The deal was signed on October 28.

AP Photo/Paul SancyaAn empty parking lot is shown at a closed JCPenney store in Roseville, Michigan, Friday, May 8, 2020.

Source: Business Insider, Business Insider


On May 27, off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy and announced plans to close approximately 230 stores.

Lea Z. / YelpTuesday Morning.

Source: Business Insider


The US arm of Le Pain Quotidien filed for Chapter 11 bankruptcy on May 27. It sold all of its 98 locations to Aurify Brands, which reportedly plans to reopen at least 35 restaurants.

Gilbert Carrasquillo/Getty ImagesLe Pain Quotidien.

Source: Nation’s Restaurant News


GNC filed for Chapter 11 bankruptcy on June 24, announcing it planned to close between 800 and 1,200 stores while it looked for a buyer. In September, a judge approved GNC’s sale to China-based Harbin Pharmaceutical Group for $US770 million.

ReutersGNC.

Source: Business Insider, Business Insider, Pittsburgh Post-Gazette


CEC Entertainment, the parent company of Chuck E. Cheese, filed for Chapter 11 bankruptcy protection on June 25. Its finances had been in freefall since the coronavirus pandemic hit.

ReutersChuck E. Cheese.

Source: Business Insider


Reuters reported that Lucky Brand Dungarees filed for Chapter 11 on June 3. In August, the jeans brand reached a $US140 million acquisition deal with Sparc Group, a joint venture between Simon Property Group and Authentic Brands Group.

Michael Brochstein/SOPA Images/LightRocket via Getty Images

Source: Reuters


Brooks Brothers filed for Chapter 11 bankruptcy on July 8, citing disruption from the pandemic. It said it planned to close 51 stores. In August, Sparc acquired Brooks Brothers for $US325 million.

Alex Tai/SOPA Images/LightRocket via Getty Images

Source: Business Insider, Business Insider


Sur La Table filed for Chapter 11 bankruptcy on July 8. It later sold for $US89 million to a joint venture between CSC Generation and Marquee Brands LLC, which plans to keep at least 50 stores open.

Robert Alexander/Getty Images)

Source: Business Insider,Chain Store Age


Japanese lifestyle brand Muji plans to close struggling stores after filing for Chapter 11 bankruptcy on June 10. Reuters reported that the chain’s filing will “not affect its operations in other markets.”

REUTERS/Stringer

Source: Reuters


RTW Retailwinds, the parent company of New York & Co. and Fashion to Figure, filed for bankruptcy on July 13. In October, it sold its e-commerce business and intellectual property to Saadia Group in a plan to be an online-only retailer.

Rick Diamond / Getty Images

Source: Business Insider, Chain Store Age


The Paper Store, a specialty gift store with 86 locations in the Northeast, filed for Chapter 11 bankruptcy on July 14 and said it was seeking a sale.

Mariejoy T. / Yelp

Source: The Paper Store


Ascena Retail, operator of Ann Taylor, LOFT, Lane Bryant, Lou & Grey, Justice, Catherines, and Cacique, filed for bankruptcy on July 23. It said it would close a number of stores, including all of its Catherines stores.

Jeffrey Greenberg/Universal Images Group via Getty Images

Source: Business Insider


California Pizza Kitchen filed for Chapter 11 bankruptcy on July 30 after permanently closing an undisclosed number of restaurants due to the pandemic.

Photo by Amy Sussman/Getty Images

Source: Business Insider


Lord & Taylor parent company Le Tote filed for Chapter 11 bankruptcy on August 2 and said it would seek a buyer. On August 27, it said it was beginning the process of liquidating all of its stores.

Mark Lennihan / AP Images

Source: Associated Press, Business Insider


Tailored Brands, owner of Men’s Wearhouse, Jos. A. Bank, Moores Clothing for Men, and K&G Fashion Superstore, also filed for bankruptcy on August 2.

Getty/ Andrew Burton

Source: Reuters


Off-price apparel and home goods retailer Stein Mart filed for Chapter 11 bankruptcy on August 12. The next day, it said it would close all of its stores.

Ron L. / Yelp

Source: Business Insider


Garbanzo Mediterranean Grill, a chain with four company-owned restaurants and 21 franchised locations, filed for Chapter 11 bankruptcy on August 12, saying that it was “entirely brought on by the unprecedented and the sudden impact of COVID.”

Luke B. / Yelp

Source: Nation’s Restaurant News


KB US Holdings, parent company of the grocery chains Kings Food Markets and Balducci’s, filed for Chapter 11 bankruptcy on August 23 and said it had accepted a $US75 million buyout offer from TLI Bedrock.

Kimberly J. / Yelp

Source: KB US Holdings


Century 21, the off-price department store, filed for Chapter 11 bankruptcy on September 10 and said it would close all 13 of its stores.

Rob Kim/Getty Images

Source: Business Insider


Sizzler filed for Chapter 11 bankruptcy on September 21 and said it would need to negotiate leases on its company-owned locations.

Richard Hartog/Getty Images

Source: Restaurant Business


It’Sugar, the candy store chain with about 100 locations, filed for Chapter 11 bankruptcy on September 22. It said sales were hurt by declining tourism due to the pandemic.

Denise Truscello/Getty Images for ITSUGAR

Source: BBX Capital


Ruby Tuesday filed for Chapter 11 bankruptcy on October 7. It had already closed 150 of its roughly 450 restaurants in 2020.

Raymond Boyd/Getty Images

Source: Business Insider


Rubio’s, the Mexican fast-casual chain with locations in California, Arizona, and Nevada, filed for Chapter 11 bankruptcy protection on October 26. It had permanently closed more than 20 restaurants due to the pandemic.

Justin Sullivan/Getty Images

Source: Nation’s Restaurant News


Friendly’s filed for Chapter 11 bankruptcy on November 1. It also announced it had reached an agreement to be acquired by restaurant investor group Amici Partners Group, LLC for just under $US2 million.

Joe Raedle/Getty ImagesFriendly’s just filed for Chapter 11 bankruptcy amid the pandemic.

Source: Business Insider


Guitar Centre, the largest retailer for musical instruments in the US, filed for Chapter 11 bankruptcy on November 22, citing “the economic upheaval created by the persistence of the Covid-19 pandemic.”

Valerie Macon/AFP via Getty ImagesView of a Guitar Centre store in Hollywood, California.

Source: Business Insider

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