These Eight Retailers Will File For Bankruptcy Next, According To Fitch

Jon Alternative Media, Blogosphere, Economy

The situation is rapidly deteriorating for America’s “bricks and mortar” retailers. As discussed earlier this week, some 9 retail outlets have already filed for bankruptcy protection in 1Q 2017 alone according to Alix Partners. That volume of filings matches the total number of retail bankruptcies for all of 2016 and puts the industry on pace to exceed even the ‘great recession’ highs.
Confirming that even more retail defaults are imminent was the following chart from Morgan Stanley according to which in just the first quarter there were nearly 2,100 store closures, nearly double the number from Q1 of last year.

This post was published at Zero Hedge on Apr 6, 2017.