Friday, June 9, 2017

Moody's: Number of distressed retailers tops total during financial crisis

The list of U.S. retailers with troubled financials that could make them potential bankruptcy risks now totals 22, according to ratings by Moody's Investors Service — topping the 19 recorded at the peak of the Great Recession.

Confronting a major shift to online shopping Sears Holdings, Neiman Marcus Group and others on the list face a "perfect storm," senior Moody's retail analyst Charles O'Shea said Thursday.. . . more

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