Following a record year for retail bankruptcies, 42% of retail CFOs reported that they expect to restructure or reorganize as fallout from the COVID-19 pandemic persists into 2021, according to BDO survey data. Many of those companies continue to operate in a difficult financial environment, with 44% reporting that they expect their revenue to decline over the next 12 months. At the same time, many retailers are making investments in their business, with 48% reporting that they are pursuing “digital transformation” in 2021. Nearly two-thirds said they are making some kind of investment in e-commerce, while 39% said they are investing in physical stores. Read more at Retail Dive.