Monday, April 10, 2017

Odds are long for retailers that file Chapter 11 bankruptcy

itempropMore bankruptcies are coming. By the estimate of a Credit Suisse analyst, nearly 9,000 stores will close this year, many more than in the worst year of the Great Recession.

If history is any guide, there’s no reason to expect any of these bankrupt ­retailers will ever emerge and enjoy a long run of success as independent ­companies. Try to remember the last time a big retailer did that.. . . more

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