
© Lori Van Buren
Sears Holdings is ranked 2nd most likely retail company to declare bankruptcy in 2018. Sears Holdings is the parent company of Sears and Kmart
According to last week's report, bankruptcies in the retail sector were at a record high during the first quarter of 2018.
Ask anyone running a store and they'll tell you that it's tough to be in the retail business. Merchants big and small are struggling to meet the demands of a customer base that is demanding better service, lower prices and products both in-store and from the comfort of their homes. A new report from investor research firm Moody's certainly confirms that.
According to last week's report, bankruptcies in the retail sector were at a record high during the first quarter of 2018.
There were nine defaults in the sector -- including Sears and Claire's - during the three months ended March 31. Tops Friendly Markets, a supermarket chain, and the Bon-Ton, department store chain, also filed for bankruptcy during the period. The only non-U.S. default that occurred in the first quarter was Britain-based BrightHouse Group, which sells rent-to-own refurbished sofas, televisions and refrigerators.
Comment: So much for California as a liberal utopia. It seems it won't be long before the entire state is made up of illegals and blind, ideologically possessed liberals.
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