New York & Co.
Following a disappointingly quiet holiday shopping season in 2019, New York & Co. began this year by announcing that it would close more than 25 of its outlets by early February. Customers spend more time on the internet of the women’s apparel and accessories retailer than in its stores, according to the company. That was the diagnosis in early 2020 before the coronavirus showed up. But there were only about 380 individuals left at the time.
Stein Mart
Several retailers have been harmed by the COVID-19 outbreak after decades in business. It lasted more than a century in the Stein Mart discount department store chain, which debuted in 1908. However, the company stated in mid-August that it had declared bankruptcy and that “a large number, if not all, of its brick-and-mortar locations” would be closed. They number over 280 and are distributed throughout 30 states. Stein Mart’s affordable pricing includes clothing, shoes, jewelry, bedding, luggage, and even confectionery.