J.Crew

At the outset, 2020 was shaping up to be a good year for retail, buoyed by low unemployment and a strong consumer base. However, the COVID-19 coronavirus became a global pandemic, forcing thousands of businesses to close and endangering the existence of high debt, low profitability retailers. As...

Clothing apparel retailer J.Crew, saddled with a heavy debt burden, may declare bankruptcy as early as this weekend. What Happened Anonymous sources have told CNBC that J.Crew is preparing to file for bankruptcy and secure $400 million in financing. No plans have yet been finalized, and the...