These 11 Retailers are on the brink of Bankruptcy

More bad news for retail as these 11 companies are on the verge of Bankruptcy according to this Money report.

Claire’s Stores: Known mostly as an accessory and apparel store for teens, struggling and closing stores for years, and engaged in debt restructuring talks over the course of several months last summer.

David’s Bridal: The company’s CEO resigned last summer, and Moody’s shifted David’s Bridal’s outlook from stable to negative in September.

Fairway: The supermarket chain went public in 2013 and has expanded rapidly in recent years. But it has also struggled with debt, and filed for chapter 11 bankruptcy protection last spring. The company exited from bankruptcy a couple of months later, but apparently is not fully in the clear.

Gymboree: “The Gymboree Corporation’s high price perception has caused consumers to look elsewhere for children’s apparel,” a Fitch Ratings report declared a year ago. In November, the children’s apparel retailer was downgraded by Moody’s.

J. Crew: The preppy retailer has been in a slump for several years, and ended 2016 amid talks to restructure its $2 billion debt. The brand’s “high price perception, coupled with fashion misses, has created sharp traffic declines and aggressive markdowns necessary to clear excess inventory,” a Fitch Ratings report said of J. Crew.

Nine West: Moody’s analysts have described the debt level of this women’s shoes and handbags retailer as “unsustainable.”

Payless: The discount shoe seller engaged in negotiations recently to close 1,000 stores in a plan to restructure its enormous debt.

Sears: The department store company announced it would be closing over 100 Kmart and Sears stores in 2017, on top of 78 closures last summer.

TOMS Shoes: One of the first true socially conscious clothing lines to emerge last decade, Toms was downgraded by Moody’s last summer.

True Religion: The (once) trendy apparel retailer was forced to explore debt restructuring options last fall.

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Born and raised in the backwoods of Michigan, Thomas Dishaw is an independent writer and entrepreneur. His work has been criticized in Slate, Right Wing Watch, Gawker, Daily Mail, and NY Daily News. Thomas currently writes for NaturalNews.com and resides in Delaware with his wife and Shih Tzu, where they enjoy healthy eating, politics, MSU Spartans and conservative values.
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