Fitch: Sears, Claire’s among chains at risk for bankruptcy

In its new study of retail bankruptcies, Fitch Ratings identified seven retailers as being “at risk” for filing bankruptcy in the next year to 24 months.



Sears Holdings Corp. and Claire’s Stores Inc. are among the chains called out for being at high risk of defaulting within a year, Bloomberg reported. Other chains at risk include 99 Cents Only Stores, True Religion Apparel Inc., Nine West Holdings, Nebraska Book Co. and Rue21 Inc.



The report also found that retailers wind up liquidated almost three times more often than other companies in bankruptcy because customer defections are making turnarounds harder to execute, according to Bloomberg.



Click here to read more.