Unless there is a rapid economic recovery, more retailers are going to go the way of J. C. Penney, Pier 1 Imports, Neiman Marcus and J.Crew. That is: bankruptcy.
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Stage Stores Inc. is nearly 10 times more likely to face bankruptcy by this time next summer than the typical public company.
Retail Apocalypse Now: Houston-based Stage Stores, Inc. has filed for Chapter 11 bankruptcy protection, just one of several large U.S. retailers to do so thus far in the month of May.
No two public companies are cut from the exact same cloth, yet the telltale signs of potential bankruptcy shown by craft retailer JOANN Inc. are universal: lots of leverage, recurring net losses, and negative free cash flow.
Struggling Neiman Marcus Group has been bleeding cash and has the worst possible FRISK® score of "1," could it be the next retail bankruptcy?
Claire's Stores, Inc., a retailer aimed at providing boutique jewelry and accessories for young women, has filed for Chapter 11 bankruptcy protection.
The party's over. Party City Holdco put up a fight, but suffocating debt and supply chain woes forced the American retailer into Chapter 11 bankruptcy.
Doug Whiteman of MoneyWise cites CreditRiskMonitor data to predict which publicly traded retailers might be the next to declare bankruptcy.
Unfortunately, bankruptcy fit Christopher & Banks Corporation perfectly, as the women's apparel retailer was walloped by the economic downturn brought on by COVID-19.