Last year delivered some of the biggest bankruptcies in retail history, including the Chapter 11 filing of 125-year-old department store, Sears.
During the fall of 2018, Retail Dive looked at data and FRISK scores from CreditRiskMonitor to predict which retailers could go bankrupt in 2019. Those stores at risk included J.C. Penney, Neiman Marcus, J. Crew and 99 Cents Only.
But will the trend continue? Debtwire senior retail analyst Philip Emma told Retail Dive in an earlier interview that bankruptcies will pull back in 2019, simply because so many have already folded. “They will slow if for no other reason than a lot of the most troubled retailers have already filed bankruptcy like Toys R Us, Bon-Ton, and of course Sears.”
