Wednesday, April 11, 2018

Retail defaults hit an all-time high in early 2018

Bleeding in mall retail did not stop with the new year and robust holiday sales season.

In a November survey, nearly all retail executives said they expect as many or more bankruptcies in 2018 as occurred last year, according to a March study from accounting and consulting firm BDO. Specifically, 40% of executives said they expect more bankruptcies and another 54% said they expect the level of bankruptcy filings to stay consistent with last year, which surpassed 2008 in retail bankruptcies.. . . more

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