» TRENDING BUSINESS NEWS: Will more stores close in 2018? No comeback for traditional retailers
Nine West was acquired by Sycamore as part of a $2.2 billion acquisition of Jones Group Inc. in 2014. In the first few months of the year, consumers will likely see dozens of retailers shutter stores and file for bankruptcy. More than 12,000 stores are expected to close in 2018 — up from roughly 9,000 in 2017, according to Cushman & Wakefield, a marketing and data analysis firm.
Local golf course to close if not sold to new owners https://t.co/LTgp9UHyaF
— DaytonB2B.com (@daytonb2b) January 26, 2018
» TRENDING BUSINESS NEWS: Bankruptcy next? Bon-Ton Stores Inc. enters into forbearance agreement
Retailers that announced store closures or bankruptcies in 2017 include: Charming Charlie, The Limited, Gymboree, BCBGMAXAZRIA, Wet Seal, RadioShack, hhgregg, Gander Mountain, MC Sports, Aerosoles, Payless, Kmart and Sears. Other retailers that closed stores this year include: J.Crew, Vitamin World, Gap, Perfumania, Teavana, True Religion, Michael Kors, Bebe Stores, Rue21, Abercrombie & Fitch, Guess, Crocs and Family Christian.
There are about 15 retailers that are at a higher risk of filing for bankruptcy this year, according to S&P Global Market Intelligence. Some of the major retailers that are at risk include: The Bon-Ton Stores, Bebe Stores Inc., Stein Mart Inc., Sears Holdings, Sun Pacific Holding Corp., and Burlington Stores Inc.
FIVE FAST BUSINESS READS
• Gander Mountain stores to reopen under new name
• Walmart reportedly cutting more than 1,000 jobs
• German grocery chain Lidl halts plans to open local store
• Bitcoin prices are plunging. What's really going on with cryptocurrency?
About the Author