RAD - 3 Big Retail Bankruptcies of 2019 -- and 4 More That May Be Next
The bankruptcy of Forever 21 marks the 35th major bankruptcy this year, and over two-thirds of them have been in the retail industry. Not every one of the businesses will close their doors and liquidate their inventory. Many -- like Forever 21, a fast-fashion icon -- will seek to restructure.
It has over 800 stores worldwide and looks to close 350 of them, 178 in the U.S. But as the carnage builds -- and at least one analyst believes the "retail apocalypse" can drag on for another two years -- it calls attention to other retailers that find themselves at risk of going under.
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