Fitch Ratings Cites Sears, Claire's As Bankruptcy Risks

Fitch Ratings calls out seven retailers as being “at risk” for filing bankruptcy in a new report out today that cites a series of “highly competitive” challenges that physical retailers face, including the rise of e-commerce, declining mall traffic and the ebb and flow of brand popularity. Although several of the retailers cited by Fitch as at-risk of going bankrupt in the next year to 24 months have a retail presence in New York City, the only one based here is Nine West Holdings, which…

 

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