Companies file for bankruptcy for a variety of reasons — from fraud and embezzlement to tariffs and shifting consumer habits .

But when one retailer closes, another may see an uptick in traffic as consumers flock to another business that offers a similar, if not the same, services and supplies.

In the past 12 months, industry analysts point to more than “32 mega bankruptcies” — or bankruptcies filed by companies with assets topping $100 million.

Read more: Dollar Tree CEO spots surprising shift in consumer behaviors

Additionally, more than 655 corporate businesses across the board filed for bankruptcy in the first 10 months of 2025 — making it on track to be considered the worst wave of major bankruptcies in over a decade, per S&P Global data .

According to Business Insid

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