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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    These 19 retailers are on the brink of bankruptcy…13,216 stores to close?

    Lobo
    Lobo
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    These 19 retailers are on the brink of bankruptcy…13,216 stores to close? Empty These 19 retailers are on the brink of bankruptcy…13,216 stores to close?

    Post by Lobo Thu 02 Mar 2017, 4:56 pm

    These 19 retailers are on the brink of bankruptcy…13,216 stores to close?

    • +

    These 19 retailers are on the brink of bankruptcy…13,216 stores to close? PAYLESSrd

    Moody’s recently released a Sector In-Depth report titled “Retail and Apparel – US: Distressed Retail and Apparel Companies Are on the Rise. Who’s Next?” and its findings show that the retail bubble could soon be taking another major blow….Bankruptcy.
    We all know that retail is a very volatile market. This factor causes many companies to turn to “financial sponsors” and hedge funds that, in return for the quick cash, offer highly leveraged funds causing many retailers to end up struggling under debt with the terms set by the sponsors. Due to these agreements distressed bond issuers in the U.S. retail and apparel markets are nearing levels that haven’t been witnessed since the Great Recession of 2008-2009, tripling in the past six years.
    While the clock has been ticking on stores like Sears  and J.Crew for quite some time, 17 other stores appear to have found themselves in the crosshairs of financial doom:

    These 19 retailers including Sears and J.Crew, have more than $3.7 billion of debt maturing in the next five years, with about 30% of that total due by the end of 2018. If all of the retailers listed were to shutter their doors that alone would amount to the closing of more than 14,450 stores and leave hundreds of thousands of employees without jobs.
    Aside from sponsored ownership, these apparel companies suffer from stressed liquidity, weak quantitative credit profiles, overly discounted merchandise, a decrease in traffic, challenged competitive positions, and erratic management structures. Whether or not any of these companies will be able to reverse the destruction remains to be seen. Based on the growing trend of retail bankruptcy and mall abandonment it seems highly unlikely.
    http://www.thomasdishaw.com/economy/19-retailers-brink-bankruptcy-13216-stores-close/

      Current date/time is Thu 13 Jun 2024, 11:59 pm