Retail Apocalypse Continues: 17 Stores on 2018 Death Watch

Over 20 retail chains — including Radio Shack, Toys R Us, and HHGregg — filed for bankruptcy, and some were liquidated . . .

The 17 companies below all struggled in 2017. Many of them closed stores, and some have even filed for bankruptcy at least once before. These aren’t the only retailers struggling as we head into 2018, but they are some of the most prominent . . .

Leaving Sears Holdings (NASDAQ: SHLD) off a list of companies not likely to survive 2018 would be like omitting Tom Brady from a discussion of all-time great quarterbacks. Sears has been moving in reverse for years, losing money and closing stores at a remarkable rate . . .

J.C. Penney (NYSE: JCP) isn’t in the same dire straits as Sears. That, however, is sort of like saying that someone with one brain tumor is in better health than someone with two . . .

In 2017 Claire’s appeared on a lot of lists of companies not likely to survive the year. Its condition has improved slightly: In the most recent quarter, overall sales rose 0.8%, while same-store sales grew by 1.1%.The problem is that the chain is in a precarious financial position. As of Oct. 28, it had cash and cash equivalents of only $25.8 million, down $5.4 million from the previous quarter. It also had $71 million drawn on its credit facility, putting the chain underwater and vulnerable to a downturn in sales. (Read more from “Retail Apocalypse Continues: 17 Stores on 2018 Death Watch” HERE)

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