GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. In May 2020, Stages Stores filed for Chapter 11 bankruptcy protection. But time is running out for Sears and Kmart to stabilize their businesses. Whiting Petroleum (WLL, $21.44) managed to make it to 2020, but the U.S. fracker finally succumbed on April 1, when it filed for Chapter 11 bankruptcy protection. Stores closing in 2020: Up to 1,200. Are Stages Stores going out of business? More defaults and bankruptcies are expected to come, says a report from S&P Global Ratings, with retail liquidations speeding up. Bankruptcy filings this year have already surpassed what we saw in all of 2008. ... Pier 1 got 2020 off to an ominous start by announcing it would close 450 stores, and the company's stock went into a nosedive. The report also says the U.S. remains oversaturated with retail despite this. 2020 has been a hectic year for retail bankruptcies. Going upscale didn’t work, and an athleisure line was a tad too late. The discount department store, which grew from early-20th-century roots in the Mississippi Delta into a national name in off-price fashion, ceased e-commerce and commenced going-out-of-business sales at all its approximately 280 stores after filing for Chapter 11 bankruptcy. The retailer announced that it will reopen its over 700 stores for going-out-of-business sales, liquidate its assets and search for a buyer. ... Mattress Firm filed for bankruptcy in 2018 and closed 700 stores, but the chain still seems to be on its back. In the first half of 2020, more than 3,600 companies filed for bankruptcy, according to Epiq. Jo-Ann Stores Retail bankruptcies hit an all-time high in the first quarter of 2018, even more than last year according to Business Insider. As of March 2020, bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all of its stores, according to Crain’s. A list of the biggest companies that have filed for bankruptcy during the coronavirus pandemic, ranked by assets. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Filed for bankruptcy: Aug. 12. Express In early 2020… Just over 600 filed in June, up 43 percent from June of last year. In February 2020, another 51 Sears and 45 Kmart locations were set to close, leaving some 182 surviving stores. J.Crew filed bankruptcy on May 4, 2020, and they closed 8 stores in August 2020. Moving forward, that number is expected to grow, as the retailer may have no choice but to liquidate a number of their stores. 42. The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. Walmart shut 2 locations in March. In early 2020… a list of the biggest companies that have filed for bankruptcy 2018. 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