2020 was already expected to be a challenging year for the retail industry and the worldwide pandemic only intensified the underlying troubles. Heading into the year, one estimate projected that 12,000 major chain stores would close in 2020. Today, a number of high-profile brands are in bankruptcy and tenants and landlords alike are struggling to recover from COVID-19 related closures. On this episode, Waller's Steve Kirkham and Mark Taylor are joined by Tracy Pelham, counsel at Genesco, to discuss the retail industry's woes and what options exist for retailers, landlords and lenders moving forward.