Monday, April 3, 2017

Retail bankruptcies march toward post-recession high

Image result for limited store closingThe number of retailers filing for Chapter 11 bankruptcy protection is headed toward its highest annual tally since the Great Recession.

Nine retailers have filed in just the first three months of 2017, according to data provided exclusively to CNBC from AlixPartners consulting firm. That equals the number for all of 2016. It also puts the industry on pace for the highest number of such filings since 2009, when 18 retailers resorted to that action.. . . more

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