Retailers Are Going Bankrupt at a Record Pace

Retailers Are Going Bankrupt at a Record Pace

Department stores, electronics sellers, and clothing shops are most at risk. Retailers are filing for bankruptcy at a record rate as they try to cope with the rapid acceleration of online shopping. In a little over three months, 14 chains have announced they will seek court protection, according to an analysis by S&P Global Market Intelligence, almost surpassing all of 2016. Few retail segments have proven immune as discount shoe-sellers, outdoor goods shops, and consumer electronics retailers have all found themselves headed for reorganization.

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