A growing number of bankrupt or failed retailers seem to be discovering an afterlife this year—with some beloved brands returning to the land of the living in notably snugger incarnations.

Le Tote, which recently bought the ­struggling Lord & Taylor from HBC, opened a pop-up shop for the department store chain in New York City for the holidays, its first Manhattan presence since the store closed in early 2019. Kids’ apparel brand Gymboree, which filed for bankruptcy in early 2019 for the second time in two years, ....

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