Title: Retail Bankruptcies That Are Expected in 2019
Headings: Retailers are filing for bankruptcy at a staggering rate — and these 17 companies could be the next to default
Retailers are filing for bankruptcy at a staggering rate — and these 17 companies could be the next to default
More retail bankruptcies are on the horizon.
PetSmart
Neiman Marcus Group
Academy
J.Crew Group
Guitar Center Holdings
The Fresh Market
Evergreen AcqCo
Moran Foods
99 Cents Only Stores
Bluestem Brands
Fairway Group Holdings Corp.
David's Bridal
Toms Shoes
SHO Holding I Corp.
Indra Holdings Corp.
Pier 1 Imports
BevMo
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Content: The Fresh Market
Natalie Maynor
The Fresh Market, which operates 161 stores across 22 US states, has been under pressure from a competitive pricing environment and an increasing number of organic offerings from traditional grocers, such as Kroger and Walmart. Evergreen AcqCo
AP
Evergreen AcqCo 1 LP operates the thrift-store chains Value Village and Savers, which purchases donated clothing, accessories, and household goods and resells them at more than 300 locations in the US, Canada, and Australia. The company says it prevents more than 700 million pounds of used goods from going to landfills annually and employs 22,000 people. Moran Foods
Facebook/Save-A-Lot
Moran Foods operates the discount grocery chain Save-A-Lot, which has more than 1,300 stores in 36 states, according to the company's website. It was acquired by Onex Corporation, a Canadian private-equity firm, in 2016. 99 Cents Only Stores
Facebook/99 Cents Only
The discount chain, with a primary price point of about $1, operates 389 locations in California, Texas, Arizona, and Nevada. Bluestem Brands
Facebook/Appleseed's
Bluestem Brands owns 13 e-commerce sites, including Appleseed's, Bedford Fair, Fingerhut, Draper's & Damon's, Blair, and Gettington. Fairway Group Holdings Corp.
Spencer Platt/Getty Images
Fairway Group operates the supermarket chain Fairway Markets, which has 15 stores and four wine shops in New York, Connecticut, and New Jersey. The company is facing fierce competition from Whole Foods, Trader Joe's, and others, according to analysts. "Without the capital to effectively conduct promotional and marketing activities in a highly competitive market, Fairway's top-line growth will prove elusive, and cash flows, liquidity and profitability will remain strained," the Moody’s analyst Mickey Chadha wrote in a note in November.