Are Roots Starting To Struggle Financially? With Roots reporting a massive net loss, I'm having concerns about their financial performance, including filing for bankruptcy in the United States and salary cuts.
If you look at their earnings report, Roots is planning to file for bankruptcy in the US, resulting in store closures in major centres like Boston, Chicago, Washington, and New York City.
The result of closing American stores is that Roots will lose an opportunity to expand to the world's most lucrative market, USA.
Could Roots go the way of Sears Canada and go bankrupt?
Hope that Roots will bounce back once the COVID-19 saga ends.