Retailers Are Filing For Bankruptcy At A Staggering Rate

The fallout from the retail apocalypse is far from over. Two months into 2019, four retailers have already filed for bankruptcy protection: Payless ShoeSource, Charlotte Russe, Gymboree, and FullBeauty Brands. Ratings agencies are expecting more defaults in the coming months. “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,” analysts for Moody’s Investors Service wrote in a report on Thursday. The report identified 17 retailers with the highest risk of defaulting or filing for bankruptcy protection. Read more at Business Insider.