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Brooks Brothers Is the Latest Apparel Company to File for Bankruptcy -- Is Macy's Next?

Brooks Brothers Is the Latest Apparel Company to File for Bankruptcy -- Is Macy's Next?

Storied menswear retailer Brooks Brothers announced this week that it is seeking Chapter 11 bankruptcy protection, while it reorganizes and looks for a buyer. Many other companies that were struggling even before the COVID-19 crisis might be on their way toward a similar outcome -- and in this industry, Macy's (NYSE: M) could be next. Macy's was once one of the biggest names in retail, given its huge footprint with hundreds of department stores, most of them mall anchors.