Many retailers say they are still waiting to see strong demand for back-to-school shopping as parents and students put off purchases of fresh outfits, notebooks and glue sticks.
In the last decade, numerous retail chains have filed for bankruptcy protection twice. Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
Sears, Payless ShoeSource, Forever 21 and Walgreens are among the retailers that announced store closures in 2019, a record year according to Coresight Research.
U.S. stock futures are little changed in early trading, as investors await the Fed's latest interest rate decision and policy statement this afternoon.