If 25% Of American Retailers Go Bankrupt, Which Companies Make The List?
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From 247wallst.com
24/7 Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPartners LLP, a Michigan-based turnaround consulting firm, estimates that 25.8% of 182 large retailers it tracks are at significant risk of filing for bankruptcy or facing financial distress in 2009 or 2010."
So, which chains are at risk as the year draws to a close, especially now that holiday numbers are even worse than expected?
Continue Reading at 247wallst.com>>>
Stocks Mentioned:
Bon-Ton (Nasdaq: BONT), Talbots (NYSE: TLB), Saks (NYSE: SKS), Gap (NYSE: GPS), Sears (Nasdaq: SHLD).
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