Best Products at Best Prices

0$0.00

No products in the cart.

Tag: bankruptcies

Retail is used to existential crises — but bankruptcies won’t save it now

For retailers, facing an apocalypse isn’t anything new. What’s new is the fact that everyone else is too. Retail has for years faced the challenges of slowing foot traffic, changing shopping patterns and online competitors that has caused an industry upheaval some analysts have deemed the “retail apocalypse.”  But as the coronavirus pandemic has ground U.S. …

Retail is used to existential crises — but bankruptcies won’t save it nowRead More

Bankruptcies, store closings weigh on retail employment

The retail industry had the second-highest number of cuts announced by U.S.-based employers in January. That’s according to a report from global outplacement firm Challenger, Gray & Christmas, which said that technology companies led in announced job cuts in January, with 13,869 cuts, followed by retail, with 10,444 cuts. Of the retail job cuts, 2,631 …

Bankruptcies, store closings weigh on retail employmentRead More

Fitch Ratings: Nearly half of all retail bankruptcies end in liquidation

Filing for bankruptcy protection is more likely to end in liquidation for a retailer than it is for other types of companies. Nearly half of retail and supermarket bankruptcy case studies over the past 15 years ended in liquidations compared with 13% for cross-sector U.S. corporate studies, according to a report by Fitch Ratings. Excluding supermarkets, …

Fitch Ratings: Nearly half of all retail bankruptcies end in liquidationRead More

Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

Forever 21 among bankruptcies that rocked the retail industry in 2019Read More

Simon Property CEO says ‘reaching the bottom’ of retail bankruptcies

The CEO of the biggest mall owner in the U.S., Simon Property Group, says the retail industry looks to be “reaching the bottom” of a tumultuous wave of bankruptcies. “We are having a high bankruptcy year. … There’s no denying that,” David Simon told analysts during a post-earnings conference call on Wednesday morning. “But I …

Simon Property CEO says ‘reaching the bottom’ of retail bankruptciesRead More