Retailers are filing for bankruptcy at a record rate as they try to cope with the rapid acceleration of online shopping. In a little over three months, 14 chains have announced they will seek court protection, according to an analysis by S&P Global Market Intelligence, almost surpassing all of 2016. Few retail segments have proven immune as discount shoe-sellers, outdoor goods shops, and consumer electronics retailers have all found themselves headed for reorganization. Meanwhile, America’s retailers are closing stores faster than ever as they try to eliminate a glut of space and shift more business to the web.
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Bloomberg News, Denver Post: Business
Mon, 04/24/2017 - 4:32pm
Topics: global market intelligence america&rsquo urban outfitters chief executive officer richard hayne ldquo;this related articlesapril amazon three colorado america jim elder intelligence&rsquo sears holdings bon-ton stores inc perfumania holdings inc march nine west holdings claire&rsquo department apparel the limited wet seal bcbg max azria vanity shop grand forks payless inc rue21 gymboree bloomberg news june s&p global market april stores payless shoesource corp the retailers bankrupt analysis record pace filing closing protection court month victim latest segments chains electronics risk future shops clothing bubble results year
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