+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

These 10 retailers could be the next to declare bankruptcy

Aug 21, 2024, 22:58 IST
Nicholas EckhartA shut-down mall.Retailers are filing for bankruptcy at a staggering rate that's quickly approaching recessionary levels.

It's only April, and 10 US retailers have already filed for bankruptcy since the start of the year - more than all of last year - and analysts say more bankruptcies are on the horizon.

There are 10 retailers in particular that are at high risk of defaulting this year, according to an analysis by S&P Global Market Intelligence.

Here are the companies on that list, ranked in order starting with those most at risk of defaulting.

Advertisement

  • Sears Holdings
  • DGSE Companies Inc.
  • Appliance Recycling Centers of America Inc.
  • The Bon-Ton Stores Inc.
  • Bebe Stores Inc.
  • Destination XL Group Inc.
  • Perfumania Holdings Inc.
  • Fenix Parts Inc.
  • Tailored Brands Inc.
  • Sears Hometown and Outlet Stores Inc.

This chart shows the likelihood that each retailer will default within a year, classified below as the "1-year PD," according to S&P Global Market Intelligence.

S&P Global Market Intelligence

NOW WATCH: 'Clearly we missed the mark': Pepsi just pulled this controversial ad

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article