Retailers were not supposed to begin filing for bankruptcy until after January 1. But it seems the fallout from poor holiday sales has already begun. On Monday, the Parent Company became the first well-known retailer to file for Chapter 11 bankruptcy protection after Christmas. New York Times reporter Stephanie Rosenbloom joins The Takeaway with the details.
"The companies that get lean will emerge from this very strong."
— Stephanie Rosembloom on the retail industry