ANALYSIS: The ‘80s and ‘90s Are Going Bankrupt

Perhaps it is cabin fever finally catching up with me, or perhaps it is all the ‘80s and ‘90s sitcoms I have binged while under stay-at-home orders. But as I scrolled through the Bloomberg Terminal’s bankruptcy dashboard recently, I began to feel an odd mixture of nostalgia and wonder at just how much times have changed since I was a teen, plotting out all the things I would buy once I had my own money.

The symbols of luxury, decadence, and achievement of my formative years are heavily represented in recent bankruptcy filings: Neiman Marcus, John Varvatos Enterprises, ...