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In 2010, 48 retailers filed for bankruptcy due to the economic collapse. This year looks to beat that record.
A new report shows that 29 retailers had already filed for bankruptcy by mid-August, up from 22 at this time last year. The retailers hurt the most were apparel and footwear sellers such as JC Penny, Lucky Brand, Brooks Brothers, and Ann Taylor. Also, on the list, home goods retailers Pier 1 Imports and Tuesday Morning and vitamin seller GNC Holdings.
