Something in this article has to be wrong. A bankruptcy shouldn't result in closing profitable stores, just in a change of ownership from the holders of shares to the holders of debt.
If a bunch of stores are closing AND a bunch of retail chains are bankrupt, the causal structure seems more likely to be unprofitable->closing and unprofitable->bankrupt, rather than bankrupt->closing which makes no sense.
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[ 2.7 ms ] story [ 22.2 ms ] threadhttps://news.ycombinator.com/item?id=15653871
If a bunch of stores are closing AND a bunch of retail chains are bankrupt, the causal structure seems more likely to be unprofitable->closing and unprofitable->bankrupt, rather than bankrupt->closing which makes no sense.