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These 10 retailers could be the next to declare bankruptcy (SHLD)

Published by Business Insider on Mon, 24 Apr 2017


Retailers are filing for bankruptcy at a staggering ratethat's quickly approaching recessionary levels.It's only April, and10 USretailers have already filed for bankruptcy since the start of the year ' more thanall of last year ' and analysts saymore bankruptcies are on the horizon.There are 10 retailers in particular that are at high risk of defaulting this year, according to an analysis by S&P Global Market Intelligence.Here are the companieson that list, ranked in orderstarting with those most at risk of defaulting.Sears HoldingsDGSE 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 thelikelihood that eachretailer will default within a year, classified below as the "1-year PD," according to S&P Global Market Intelligence.SEE ALSO:Sears just lost its CFO for the second time in 6 months ahead of a looming financial deadlineJoin the conversation about this storyNOW WATCH: The owner of New York's oldest deli explains how Katz's is able to sell 15,000 pounds of pastrami a week
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