6 Retailers Who Have Already Filed For Bankruptcy This Year
As you know, many retailers filed for bankruptcy at a record rate and the trend continues into 2018. According to Retail Dive, by December 2017 we saw 26 major retail bankruptcies (defined in this case as companies with more than $50 million in liabilities). That surpassed the 20 bankruptcies posted in 2008 when a major recession ravaged the sector. Take a look at the retailers that have filed plans to restructure, find a buyer or liquidate through Ch. 11.
Disclaimer: Most of these only affect the retail in the United States.
1. Nine West
4. Bon – Ton
5. Kiko USA
Which retailer are you sad to see go? Let us know in the comment section.
Posts you might be interested in:
What Will Happen To Toys ‘R’ Us Canada?
Sephora Bans Customers For Too Many Returns
Exciting Changes Are Coming To Manulife Centre on Bloor Street
Customers Aren’t Happy With Dollarama’s Return Policy
H&M Profits Are Worse The Company Has Seen In 16 Years