A trio of retailers file for bankruptcy protection

Aldo-Kevin Brine

As one retail analyst puts it COVID-19 didn't cause their financial troubles, but it sped them up.

Two retailers announcing yesterday they are hoping to restructure.

Montreal based Aldo shoes has filed for creditor protection but says it will remain open for business online as it restructures.

Luxury retailer Neiman Marcus is now in Chapter 11.

U.S. based retailer J. Crew is expected to file for bankruptcy this weekend.