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Fortunoff and Bruno's File for Chapter 11

Two more retailers have opted for Chapter 11. The New York Post reports on Fortunoff's decision while our sister publication Supermarket News provides the update on regional grocer Bruno's. Fortunoff seems like a possible liquidation candidate. Bruno's, however, does not appear to have immediate plans to close stores.

The announcements so far:

Bankruptcies and Liquidations:

Potential Bankruptcies & Liquidation Impact: 1,085 stores

Announced Closings

Total Closings: up to 659 U.S. stores

Potential Impact of All Announcements to Date: up to 1,744 U.S. stores

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