A 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.
- 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