Sep 30, 2016
Sears, Claire’s at High Risk of Retail Failures, Fitch Says
Sears, Claire’s at High Risk of Retail Failures, Fitch Says
Sears Holdings Corp., Claire’s Stores Inc. and Nine West Holdings Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study of retail bankruptcies. The companies were named in a 114-page report Wednesday that found retailers wind up liquidated almost three times more often than other…
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