Retail In The Red: BDO’s Inaugural Quarterly Bankruptcy Update

With media headlines consistently declaring the “death of retail”, it can be hard to not echo apocalyptic forecasts for the industry. So far this year, retail has seen more than 4,000 retail store closures while over 20 retailers declared Chapter 11 bankruptcy. Many point to the e-commerce boom to explain these figures, yet the fact that e-commerce captured only 8.5 percent of the U.S.’s Q1 2017 retail sales underlines the continuing importance of in-store sales. The industry’s challenges are far from over, but swift turnaround strategies might be the key to surviving the tides of change.

To read more about this year’s retail bankruptcies and turnaround efforts, view the full report here

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