This year is on track to rival 2010 in retail bankruptcies. In 2010 following the Financial Crisis, 48 retailers filed for bankruptcy, marking one of the most significant years for retail chapter 11 filings. 2020 could close the year exceeding that number, according to data from BDO United States.

Year to date, retailers have filed 29 chapter 11 bankruptcies, with 11 of these filings occurring in July through mid-August. Retailers to file a bankruptcy during the summer include Pier 1, J. Crew, Neiman Marcus, Stage Stores, J.C. Penney, Tuesday Morning, GNC, Lucky Brand, RTW Retailwinds, Brooks Brothers, Ascena (which includes Ann Taylor, LOFT, Lane Bryant, Justice, Catherines), Le Tote (which includes Lord & Taylor), Tailored Brands (which includes Men's Wearhouse, Jos. A. Bank, Moores Clothing, K&G) and Stein Mart.

The bankruptcy filings have been largely focused in the apparel and footwear sectors, but they certainly aren't exclusive to that market. The "other" category of retailers accounted for 11 bankruptcy claims—the largest number of any category. Apparel and footwear retailers accounted for 10—or 39% of the total retail market—while home furnishings and department stores accounted for five and three, respectively.