National retailers like JCPenney, Neiman Marcus, and others may declare bankruptcy and close Michigan locations due to pandemic impacts, inflation, and stagnant wages.

400-character summary: Finance Buzz predicts that national retailers like JCPenney, Neiman Marcus, Foot Locker, The Container Store, Fossil, Petco, Lowe's, and Big Lots could declare bankruptcy and close Michigan locations due to pandemic impacts, inflation, and stagnant wages. Already, some of these retailers have announced closures or bankruptcy, and supply chain issues and competition may worsen the situation.