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: 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. The company's CEO, Abel Porter, told Bloomberg in November that Fairway had the cash to compete. "We've moved dramatically quickly to be able to compete," Porter said. " We're not burning cash; we're accumulating cash." David's Bridal
Business Insider/Jessica Tyler
David's Bridal emerged from bankruptcy in January after shrinking its debt load by about $450 million in the restructuring process.