Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By CoyotePrime (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

"These 19 Retailers Are on the Brink of Bankruptcy - 13,216 Stores to Close?

Thursday, March 2, 2017 14:31

% of readers think this story is Fact. Add your two cents.

“These 19 Retailers Are On The Brink of Bankruptcy-

13,216 Stores to Close?

by Thomas Dishaw

Moody’s recently released a Sector In-Depth report titled “Retail and Apparel– US: Distressed Retail and Apparel Companies Are on the Rise. Who’s Next?” and its findings show that the retail bubble could soon be taking another major blow….Bankruptcy.

We all know that retail is a very volatile market. This factor causes many companies to turn to “financial sponsors” and hedge funds that, in return for the quick cash, offer highly leveraged funds causing many retailers to end up struggling under debt with the terms set by the sponsors. Due to these agreements distressed bond issuers in the U.S. retail and apparel markets are nearing levels that haven’t been witnessed since the Great Recession of 2008-2009, tripling in the past six years. While the clock has been ticking on stores like Sears and J.Crew for quite some time, 17 other stores appear to have found themselves in the crosshairs of financial doom:

• Claire’s- 2,867 stores
• rue21- 1,200 stores
• Payless- 4,496 stores
• Nine West- 800 stores
• Gymboree- 1200 stores
• Not Your Daughter Jeans
• True Religion- 900 stores
• Indra Holdings Corp.
• Bon Ton Department Stores- 267 Stores
• TOMS Shoes
• David’s Bridal- 300 stores
• Tops- 126 stores
• Velocity
• 99 Cent Only Stores- 350 stores
• Charming Charlie- 350 stores
• Evergreen Saver’s- 330 stores

These 19 retailers including Sears and J.Crew, have more than $3.7 billion of debt maturing in the next five years, with about 30% of that total due by the end of 2018. If all of the retailers listed were to shutter their doors that alone would amount to the closing of more than 14,450 stores and leave hundreds of thousands of employees without jobs.

Aside from sponsored ownership, these apparel companies suffer from stressed liquidity, weak quantitative credit profiles, overly discounted merchandise, a decrease in traffic, challenged competitive positions, and erratic management structures. Whether or not any of these companies will be able to reverse the destruction remains to be seen. Based on the growing trend of retail bankruptcy and mall abandonment it seems highly unlikely.”

- http://www.thomasdishaw.com/

◆
Related:
• Abercrombie & Fitch announces another 60 stores closing as sales continue to slide
• hhgregg to close 88 stores in an attempt to stay afloat
• Hershey’s to lay off thousands in global workforce reduction
• Wendy’s to start replacing employees with 1,000 self-ordering kiosks in 2017
◆
Does the above look like a healthy economy?
We all hear about how the economy is in “recovery”, that and all the lies the
government tells habitually. My reaction to their lies is best summed up like this:

I’m sure you’ll agree…

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2017/03/these-19-retailers-are-on-brink-of.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Click here to cancel reply.

Total 1 comment

Pink Slime

No wonder. Stores I never heard of.

Mar 2, 2017, 4:53 pm 0 Reply

Online:
Visits:	1,603,215,016
Stories:	8,149,335