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Top 10 Fashion and Retail Bankruptcies to Watch in 2026

The retail and fashion landscape has faced significant turbulence throughout 2025 and into early 2026. High interest rates, shifting consumer behavior, and the fallout from aggressive

Top 10 Fashion and Retail Bankruptcies to Watch in 2026
InsightsTrends

Top 10 Fashion and Retail Bankruptcies to Watch in 2026

Credit: Forever 21

The retail and fashion landscape has faced significant turbulence throughout 2025 and into early 2026. High interest rates, shifting consumer behavior, and the fallout from aggressive debt fueled acquisitions have pushed several iconic brands and massive retail groups into Chapter 11 or similar restructuring processes. This report ranks the top 10 most significant fashion and retail bankruptcies that will unfold through 2026, focusing on their financial impact, brand prominence, and current status. Executive Summary The following table summarizes the top 10 bankruptcies ranked by the severity of their financial liabilities and brand scale. Rank Brand / Company Filing Date Estimated Liabilities Current Status 1 Saks Global January 13, 2026 $1B – $10B Secured $1.75B in DIP financing; restructuring 2 Forever 21 March 16, 2025 $1.58B Liquidation sales in progress; closing all stores 3 Hudson’s Bay Company March 7, 2025 $500M+ CCAA filing; liquidating remaining 80 stores 4 Claire’s August 6,…

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