34 Companies That Could Be The Next To Announce Mass Store Closures
Retail stores are closing at a breakneck pace this year, and the carnage is far from over. More than 3,600 store closures have been announced since January, and up to 10,000 are expected to close before the end of the year, according to a new report on store activity and retail health by the credit consulting firm F&D Reports. The firm identified 34 companies that are the most vulnerable in the U.S., meaning they could be next to announce mass store closures and/or pursue more “aggressive alternatives,” such as filing for bankruptcy, if sales trends don’t improve. The list includes mall stores like Neiman Marcus, Sears (which has already announced more than 180 store closures this year), Claire’s, and J. Crew, as well as restaurants like Ruby Tuesday and Noodles and Co. Read more at Business Insider.
