One key type of store has been hit much harder than other retailers and that's bad news for a lot of communities.
While bankruptcy has caused a number of popular chains to close their doors, it's hard to call any of those companies"essential" retailers.
The same can be said of two chains that managed to use a Chapter 11 bankruptcy to reorganize and survive: Party City and David's Bridal. Many brides would have been devastated by not getting the wedding dresses they ordered, but that's not a life-and-death situation .Many retailers have struggled because they sell things people want but don't need at a time where many people are tightening their budgets.
In addition, struggles, store closures and bankruptcy risk are not limited to these types of retailers. Essential chains that are often part of their fabric of their neighborhoods have struggled as well., a struggling retailer that has considered filing for Chapter 11 and closing about 500 of its 2,100 stores, can be considered an essential retailer. And while the chain plans to reorganize and keep the bulk of its stores open, it has $3.
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