Sears Holdings Corp., Claire’s Stores Inc. and Nine West Holdings Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study of retail bankruptcies.
The companies were named in a 114-page report Wednesday that found
retailers wind up liquidated almost three times more often than other
companies in bankruptcy because customer defections are making
turnarounds harder to execute.
Other chains at risk include True Religion Apparel Inc., 99 Cents Only Stores LLC, Nebraska Book Co. and Rue21 Inc., Fitch said.. . . more