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IPFS News Link • Business/ Commerce

Death of US retail was a long time coming and coronavirus was just final nail in coffin, ....


No one knows how long the closures will last, given the still-rising number of deaths from Covid-19 in the US, and retailers have been dealt a painful blow by the crisis. Neiman Marcus, a chain of luxury department stores, is reportedly set to file for bankruptcy protection later this week, having missed recent debt repayments.