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More retailers are going bankrupt than ever
LopDude
⛔ Lop resident cat dude ⛔
User ID: kaput
04-17-2018 08:54 AM

Posts: 14,223



Post: #1
More retailers are going bankrupt than ever
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Ask anyone running a store and they'll tell you that it's tough to be in the retail business. Merchants big and small are struggling to meet the demands of a customer base that is demanding better service, lower prices and products both in-store and from the comfort of their homes. A new report from investor research firm Moody's certainly confirms that.

According to last week's report, bankruptcies in the retail sector were at a record high during the first quarter of 2018.

There were nine defaults in the sector -- including Sears and Claire's - during the three months ended March 31. Tops Friendly Markets, a supermarket chain, and the Bon-Ton, department store chain, also filed for bankruptcy during the period. The only non-U.S. default that occurred in the first quarter was Britain-based BrightHouse Group, which sells rent-to-own refurbished sofas, televisions and refrigerators.

Defaults on corporate debt from the retail sector in the past three months made up almost one-third of defaults by corporations in all industries.

https://www.lmtonline.com/business/artic...838891.php

what will i do if target, bestbuy and the walmart near me goes bankrupt?.. i dont follow the stock market, but hopefully the earnings for these stores are in the green every month

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Disclaimer: I dont support the article's contents unless if the situation warrents it
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