Retail in the Red: BDO Bi-Annual Bankruptcy Update
Retailers point to changing consumer spending, e-commerce, weakening mall performance, and wavering vendor confidence as the main catalysts for the nearly 7,000 retail store closures throughout 2017. Last year may have birthed the term “retail apocalypse,” but the retail industry may experience just as much disruption—if not more— in 2018, according to the latest Retail in the Red: BDO Bi-Annual Bankruptcy Update
Less than three months into 2018, major retail bankruptcies have sent shockwaves through a diversity of retail sectors, from toys to jewelry to grocery. While retailers consolidate underperforming stores and wrestle with declining foot traffic, we expect to see a heavy continuation of store closings in 2018. On the other hand, bright spots in the grocery and dollar store segments indicate that retailers working to evolve to new industry standards will likely withstand financial challenges.
To read more about this year’s retail bankruptcies and turnaround efforts, view the full report here.
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