I couldn’t escape the rancid debt number associated with them, but you are right about them running that business into the ground before COVID-19.
How about Macy’s and their furlough?
Laura Ashley bankruptcy?
I think they will survive as an entity but only in the most promising malls and other locations. This is just going to hurry along the decline of most malls.
Used to shop at Kaufmann's all the time. Had the best men's department. Once they got bought by Macy's, their focus changed. Can still get good deals there, but it's not where I would go for a suit any longer.
The point is that millions of people will have no job to go back to, regardless of when these stay at home orders are lifted.
Macy's has been running on it's own name for decades. They've just been fortunate to have the fortune of fat economic times. If I had to bet I would bet that a lot of these marginal retail chains are going to use the excuse of the virus to bankrupt and grab federal funds as they go out the door.