19 retailers on bankruptcy watch for 2017

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19 retailers on bankruptcy watch for 2017
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Retail had one heck of a 2016. It was a bleak year with at least 14 major U.S. retailers closing 100 or more stores​.

But if that seems like a lot, hold on to your hats in 2017 as more stores get ready to bite the dust!

Read more: These 10 retailers are closing more than 1,000 stores in 2017

19 stores on the brink

Predicting which retailer is the next house of cards to fall has become something of a game, like the brick-and-mortar equivalent of Newspaper Death Watch for the newspaper industry.

Respected bond credit rating business Moody’s has sounded the alarm about almost two dozen retailers that could be at risk of defaulting on their loans for a number of reasons.

The at-risk companies include:

  • Sears Holdings
  • Claire’s Stores
  • True Religion Apparel
  • Nine West Holdings
  • Rue21
  • 99 Cents Only Stores
  • Gymboree
  • NYDJ Apparel
  • Indra
  • Bon Ton department stores
  • David’s Bridal
  • TOMS Shoes
  • Tops
  • Velocity
  • Fairway
  • Charming Charlie
  • Evergreen Saver’s (thrift store chain)
  • J Crew
  • Payless

All the stores on this list face factors such as declining store traffic, liquidity issues, management challenges, weakened competitive positions, ailing credit ratings that lead to unfavorable borrowing terms, highly promotional pricing that ‘borders on irrational’ and supply chain interruptions, particularly for those stores that fast-fashion retailers.

Do online stores need to honor a pricing misprint?

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Theo Thimou About the author: Theo Thimou
Theo is director of content for clark.com. He has co-written 2 books with Clark Howard, including the #1 New York Times bestseller Clark Howard's Living Large in Lean Times.
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