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National Stores and Gump’s file for bankruptcy

August 7, 2018

Fitch analysts last week noted that the loan default rate for the retail industry in July was the lowest since June last year and down 7% from June this year, after peaking in April. (That includes both bankruptcy and distressed transactions with creditors.) That’s thanks in part to a healthy economy and a level of consumer confidence that is lifting many retail boats. But many retailers continue to struggle under mounds of debt, and those that have neglected or have been hampered in their efforts to improve operations in the e-commerce era are still struggling.

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