12 Retailers Walking A Dangerous Line Toward Bankruptcy In 2019
Despite a big year in Chapter 11 filings last year, 2019 doesn’t appear to have slowed much. As always, we’ve been keeping track of some of the major retailers that have filed for bankruptcy so far, and the list is already a long one. Big names include Payless, which announced plans to liquidate its roughly 2,500 stores in February, as well as Gymboree, which sold off its brands to Gap Inc. and The Children’s Place, respectively. Both of those retailers have filed twice in the past two years. With those major retail bankruptcies as a backdrop, we’re looking again at who in the industry might be vulnerable in a world that keeps shifting. In putting together this list, we relied on data from CreditRiskMonitor, which estimates the risk of a company with publicly traded debt or bonds filing for bankruptcy within 12 months based on several streams of data. Read more at Retail Dive.
