It's been nearly 10 years since the Great Recession zapped consumers' jobs, 401(k)s and spending, sending retailers into a tailspin and megastores like Circuit City and Linens 'n Things out of business. For retailers, the mantra became "only the strong will survive."
But here we are, a decade later, and another wave of retailers from The Sports Authority to Payless Inc. is calling it quits. The number of retailers filing for Chapter 11 bankruptcy is approaching its highest level since 2008 and 2009.
