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2 months ago

The Reasons Why Major Retail Businesses Are Filing For Bankruptcy

Wibbitz Top Stories
Wibbitz Top Stories
The Reasons Why
Major Retail Businesses , Are Filing For Bankruptcy.
The Reasons Why
Major Retail Businesses , Are Filing For Bankruptcy.
After the recent Chapter 11 bankruptcy filing of Revlon, .
experts say there could be a slew of retailer filings in the coming months.
Retail is in flux, Perry Mandarino, B. Riley Securities, via CNBC.
And within the next five years, the landscape will be much different than it is today, Perry Mandarino, B. Riley Securities, via CNBC.
Experts say that well known brands are at risk, including Serta Simmons, Rodan & Fields and Men's Warehouse.
We have potentially a perfect storm brewing, Sally Henry, Professor of Law at Texas Tech Law School, via CNBC.
I wouldn’t be surprised to see an uptick in retail bankruptcies, Sally Henry, Professor of Law at Texas Tech Law School, via CNBC.
Experts say it comes down to demand.
Consumers aren’t just buying less stuff, they are shopping less, which means a loss of the impulse-shopping moments that are critical to retail growth, Marshal Cohen, NPD Group, via CNBC.
Experts also say that the landscape is becoming increasingly complex.
There are many more variables, Steve Zelin, PJT Partners, via CNBC.
Some see danger signals in an overuse of credit.
Consumers have been willing to spend on credit cards, on mortgages and on buy now pay later programs, David Berliner, Chief of BDO’s Business Restructuring, via CNBC.
I’m afraid a lot of consumers are are going to be tapping out their credit cards and then they’re going to be forced into an
abrupt pullback, David Berliner, Chief of BDO’s Business Restructuring, via CNBC

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