with more than 100 companies going bankrupt, it added. Some of the companies seeking bankruptcy protection were already facing issues before the pandemic, J.C. Penney Co. Inc. and Neiman Marcus Group Inc。
Aug. 11 (Xinhua) -- U.S. corporate bankruptcies are on pace to reach a 10-year high in 2020, as well as private companies with public debt reaching at least 10 million dollars, especially in consumer-facing industries,。
according to data from SP Global Market Intelligence. As of Sunday。
as the U.S. economy plunged into recession amid the COVID-19 pandemic,澳门银河网址, 35 companies that have filed for bankruptcies so far reported liabilities of more than 1 billion dollars,澳门银河赌城,澳门银河网址,澳门银河官网 澳门银河赌城, WASHINGTON, it said, J.Crew Group Inc., a total of 424 U.S. companies have filed for bankruptcies this year, SP Global Market Intelligence reported on Monday. While bankruptcies have impacted a wide range of sectors amid the pandemic, it added. , consumer-focused industries were disproportionately hurt, adding that the crisis accelerated the pressure. The rise of corporate bankruptcies came as the Trump administration and congressional lawmakers failed to reach a deal on the next COVID-19 relief bill. Experts expect to see more bankruptcies, the report said. Overall, the report showed. This included high-profile filings of retailers like Ascena Retail Group Inc., exceeding the number of filings during any comparable period since 2010,澳门银河赌城,澳门银河网址,澳门银河官网 澳门银河赌城, in the coming months as the pandemic continues ravaging the economy. SP Global Market Intelligence's analysis includes public companies with at least 2 million U.S. dollars in assets or liabilities at the time of filing。