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Another Retail Bankruptcy Wave Is On The Way, Says Credit Suisse

Published on Jan 7 2018 9:00 AM in Retail tagged: Trending Posts / US Retail / Credit Suisse / Bankruptcy

Another Retail Bankruptcy Wave Is On The Way, Says Credit Suisse

A wave of store closings and retailer bankruptcies is coming in early 2018, as the industry deteriorates faster than analysts had expected a year ago, according to Credit Suisse.

The retail business’s “large and undeniable transformation” will crimp rents and vacancy rates this year, strategists Roger Lehman and Benjamin Rozyn wrote in a note Thursday. Bonds backed by these loans will likely weaken, they added.

Even if the just-ended Christmas shopping season was the best for retailers in a decade, according to early estimates, mall staples like Macy’s and J.C. Penney haven’t wowed investors with their results.

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