Rate of US retailers filing for bankruptcy is worrisome
February 26, 19
Business Insider reported that four US retail chains have filed for bankruptcy. They are Payless Shoesource, Charlotte Russe, Gymboree and FullBeauty Brands .
"As the US retail industry emerges from one of its worst multi-year default cycles yet, companies are getting ready for a second, though less virulent round among smaller, weaker names," Business Insider quoted a report by Moody's Investors Service.
The seventeen retailers that in danger of defaulting or filing for bankruptcy are: Academy; Bevmo; Bluestem Brands; David’s Bridal; Evergreen AcqCo (Value Village and Savers brands); Fairway Markets; The Fresh Market; Guitar Center; Indra Holdings (Totes and Isotoner brands); J. Crew; Moran Foods; the Neiman Marcus Group; Petsmart; Pier 1 Imports; Shoes for Crews; Toms Shoes and 99 Cents Only Store.