Retailer Muji, with 8 New York stores, files for bankruptcy

Japanese retailer Muji's U.S. division filed for Chapter 11 bankruptcy Friday. Muji U.S.A. Limited — operated by Ryohin Keikaku Co. Ltd. in Tokyo — plans to close some of its brick-and-mortar stores and renegotiate its rents as part of the process. It will shift its focus to e-commerce, according to a press release. "Muji has felt the devastating effects of the Covid-19 pandemic on in-store retail, and as a result will take this opportunity to refocus our efforts in the United States on key…