Newsletter

Menu

Eight retailers that could go bankrupt this year

By Toby |

Last week, America’s largest mattress company – Mattress Firm – became the latest victim of the retail apocalypse, filing for Chapter 11 at Denver Bankruptcy Court. Mattress Firm was, in fact, the largest retailer to go bust this year, pledging to close as much as 700 stores across the country.

Though the rate of retail bankruptcies has been slower in 2018 than last year, mall vacancy rates climbing to a seven-year-high of 9.1% during the third quarter gives little hope of a recovery. More than 50 stores had filed for bankruptcy last year – including Toys R Us and Gymboree – which was the highest since 2011.

The S&P Global Markets had earlier this year predicted that retail bankruptcies in 2018 could touch last year’s levels as many companies face a liquidity crisis. With only over two months to spare this year, let’s take a look at a few companies that could be facing a potential doom.

99 Cents Only Stores

Faced by cut-throat competition from Walmart (WMT), Dollar Tree (DLTR) and Dollar General (DG), 99 Cents Only has been struggling to make profits. Though the company, which appointed a new CEO in February, has been posting slight increases in comp sales, it has come at the cost of unsustainable discounts.

Companies that could go bankrupt this year sears
Image courtesy: Wikimedia Commons

Sears Holdings

Bankruptcy of this retail giant has been long overdue. It has been saved every time over the past decade with the help of CEO Eddie Lampert’s hedge fund loans. If the company fails to repay the debt obligations, it is going to be in big trouble. Sears Holdings (SHLD) stock has lost 92% of its value in the past one year.

J Crew

The New York-based specialty retailer is sitting on the top of a debt mount, thanks to a buyout in 2011. The once go-to place for pullovers tried to reinvent itself last month with rebranding, which could be seen as a last try to stop the company from failure. With years of dwindling sales and the brand losing its sheen, chances of a revival are abysmal.

GNC

Shares of GNC Holdings (GNC) have tumbled 50% during the past 52 weeks as investors have been steadily losing faith in the health and supplements provider.  Last month though, shares jumped a good 27% after a $300 million investment in the company by Harbin Pharmaceutical Group Holding received regulatory approval. Though the investment comes as a minor relief to its massive debt load, whether this will be adequate for a turnaround is yet to be seen. Vitamin Shoppe (VSI) is another company in the same industry that is facing fallout due to declining mall traffic.

America’s largest mattress company files for bankruptcy protection

Neiman Marcus

The department store company has been doing relatively good sales in the past few quarters, but a debt burden of $4.8 billion is pulling the company down. The Dallas, Texas-based firm has been doing everything in its capacity to save itself – from a management rejig to a digital-first sales approach – but nothing has yet served the desired results. A potential acquisition by Hudson’s Bay also fell apart in June, shattering hopes for a turnaround.

Guitar Center

Apparently, millennials are not guitar freaks like baby boomers. The company, founded in 1959 has seen a sharp drop in sales over the past few years. With sales of electric guitars plummeting as much as 36% between 2005 and 2016, there is little to save the company from sinking.

Why Target is a better investment than Walmart this holiday season

Advertisement

More on this Company

PG&E (PCG) stock slips to record low after wildfire spurs selloff

October 25, 2019

Viveve Medical stock plunges to 9-year low

April 8, 2019

FuelCell Energy stock plunges to 27-year low

March 28, 2019

233 responses to “Eight retailers that could go bankrupt this year”

  4. Global partnerships

    […]although internet sites we backlink to below are considerably not associated to ours, we really feel they are in fact really worth a go through, so possess a look[…]

  5. احسن جامعه فى مصر

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless truly really worth taking a search, whoa did one particular discover about Mid East has got much more problerms at the same time […]

  16. High-Demand Computer Science Jobs

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless actually really worth taking a search, whoa did one master about Mid East has got far more problerms also […]

  23. Politics

    […]always a massive fan of linking to bloggers that I like but don’t get a good deal of link like from[…]

  24. Required Courses

    […]that would be the end of this post. Here you’ll uncover some internet sites that we consider you will enjoy, just click the links over[…]

  29. Ovens

    […]very few web-sites that take place to become comprehensive below, from our point of view are undoubtedly well really worth checking out[…]

  34. System Analysts

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless definitely really worth taking a appear, whoa did a single understand about Mid East has got far more problerms at the same time […]

  38. MBA

    […]we came across a cool internet site that you simply could appreciate. Take a look in the event you want[…]

  50. Fiverr Earn

    […]check beneath, are some entirely unrelated web-sites to ours, having said that, they may be most trustworthy sources that we use[…]

  51. Fiverr Earn

    […]just beneath, are a lot of completely not related web sites to ours, on the other hand, they’re certainly worth going over[…]

  52. Fiverr Earn

    […]just beneath, are quite a few totally not associated web-sites to ours, on the other hand, they may be certainly really worth going over[…]

  53. Fiverr Earn

    […]Every when in a even though we pick out blogs that we read. Listed below would be the most recent internet sites that we pick out […]

  54. Fiverr Earn

    […]that is the finish of this article. Right here you will find some web pages that we believe you’ll appreciate, just click the hyperlinks over[…]

  73. jewelry

    […]that may be the end of this post. Right here you’ll come across some web pages that we feel you will value, just click the links over[…]

  84. Fiverr.Com

    […]that may be the finish of this write-up. Here you will discover some web pages that we consider you’ll enjoy, just click the hyperlinks over[…]

  102. partners

    […]although web-sites we backlink to below are considerably not associated to ours, we really feel they’re basically worth a go by, so have a look[…]

  104. Development Studies

    […]we like to honor a lot of other world wide web web-sites on the net, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  119. FiverrEarn

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless genuinely worth taking a appear, whoa did one find out about Mid East has got more problerms also […]

  120. FiverrEarn

    […]we prefer to honor lots of other world-wide-web web pages around the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  121. FiverrEarn

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they’re essentially worth a go through, so have a look[…]

  124. FiverrEarn

    […]very couple of websites that take place to become comprehensive below, from our point of view are undoubtedly very well really worth checking out[…]

  126. pearl

    […]although internet websites we backlink to below are considerably not related to ours, we really feel they are basically really worth a go by means of, so have a look[…]

  131. FiverrEarn

    […]Every once inside a even though we select blogs that we read. Listed below would be the most recent web pages that we opt for […]

  134. FiverrEarn

    […]we like to honor many other world-wide-web web-sites around the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  135. Generator sales Yorkshire

    […]we like to honor several other online websites around the internet, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  140. live sex cams

    […]although internet sites we backlink to beneath are considerably not associated to ours, we feel they may be actually worth a go by way of, so possess a look[…]

  144. Slot Buah

    […]check beneath, are some completely unrelated websites to ours, on the other hand, they’re most trustworthy sources that we use[…]

  147. cream chargers delivery

    […]although web-sites we backlink to beneath are considerably not connected to ours, we really feel they’re essentially worth a go by way of, so have a look[…]

  150. 918kiss

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they are really really worth a go through, so possess a look[…]

  151. หวย24

    […]that will be the end of this write-up. Here you’ll find some web sites that we think you will appreciate, just click the links over[…]

  157. hotel on lake placid

    […]although sites we backlink to below are considerably not connected to ours, we feel they are really really worth a go by way of, so have a look[…]

  159. 6mm arc ammo

    […]although websites we backlink to beneath are considerably not associated to ours, we really feel they are really worth a go via, so possess a look[…]

  160. ozempic

    […]check below, are some completely unrelated websites to ours, even so, they may be most trustworthy sources that we use[…]

  164. masumintl

    […]although web sites we backlink to beneath are considerably not associated to ours, we really feel they’re in fact worth a go via, so have a look[…]

  170. live amateur webcams

    […]although internet sites we backlink to beneath are considerably not connected to ours, we really feel they are essentially worth a go by, so possess a look[…]

  171. video chat

    […]here are some hyperlinks to web sites that we link to because we believe they may be really worth visiting[…]

  174. floodle

    […]check beneath, are some entirely unrelated internet websites to ours, even so, they may be most trustworthy sources that we use[…]

  181. Keyence

    […]just beneath, are many completely not connected web pages to ours, having said that, they are certainly really worth going over[…]

  182. sick

    […]we came across a cool internet site that you just may enjoy. Take a look for those who want[…]

  188. yorkie poo breeding

    […]very handful of websites that take place to become detailed beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  190. play net app

    […]very few websites that transpire to be in depth beneath, from our point of view are undoubtedly very well really worth checking out[…]

  199. lilac frenchies

    […]that may be the finish of this report. Right here you’ll locate some web sites that we feel you will value, just click the links over[…]

  203. alexa collins

    […]although internet sites we backlink to beneath are considerably not connected to ours, we really feel they are truly worth a go by means of, so have a look[…]

  207. joyce echols

    […]that is the finish of this write-up. Right here you will come across some web sites that we think you will value, just click the hyperlinks over[…]

  211. we buy puppies

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely really worth taking a appear, whoa did 1 find out about Mid East has got more problerms too […]

  212. nepo hat

    […]very couple of internet sites that occur to be comprehensive beneath, from our point of view are undoubtedly very well really worth checking out[…]

  213. gaming

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless actually worth taking a look, whoa did 1 study about Mid East has got more problerms at the same time […]

  214. crypto news

    […]very few internet websites that happen to be comprehensive beneath, from our point of view are undoubtedly properly worth checking out[…]

  218. linh

    […]check beneath, are some entirely unrelated web-sites to ours, having said that, they may be most trustworthy sources that we use[…]

  224. Dog Registry

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless truly worth taking a appear, whoa did one particular master about Mid East has got more problerms too […]

Top