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Blockbuster, Borders, Sports Authority and More: The Biggest Retail Bankruptcies of the Past Decade

Submitted by ckanon@abi.org on
Dozens of retailers filed for bankruptcy over the past decade amid colossal changes in Americans' consumption habits, according to an analysis from Business Insider. The bankruptcies spanned a broad spectrum of retailers, including RadioShack, American Apparel, Borders, Blockbuster and Sears. Many of these bankruptcies resulted in mass store closings that have helped send hundreds of shopping malls into years-long downward spirals, from which some malls never recovered. Some retailers emerged from bankruptcy with smaller physical footprints, while others ended up liquidating. The analysis takes a look at some of the biggest bankruptcies of the past decade.
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