Retailers are filing for bankruptcy at a staggering rate.
It's only April, but 10 US retailers have already filed for bankruptcy this year — more than did in all of last year — and analysts say more bankruptcies are on the horizon.
Ten retailers in particular are at high risk of defaulting this year, according to an analysis by S&P Global Market Intelligence.
Here are those companies ranked in order of likelihood to default, with those seen as most likely appearing first.
- Sears Holdings
- DGSE Companies Inc.
- Appliance Recycling Centers of America Inc.
- The Bon-Ton Stores Inc.
- Bebe Stores Inc.
- Destination XL Group Inc.
- Perfumania Holdings Inc.
- Fenix Parts Inc.
- Tailored Brands Inc.
- Sears Hometown and Outlet Stores Inc.
This chart shows the likelihood that each retailer will default within a year, classified below as the "1-year PD," according to S&P Global Market Intelligence.
