Forever 21’s Chapter 11 filing is the latest reminder that the economic climate for many sectors of retail is still brutal, according to a story from Retail Dive. So far this year there have been more than 7,000 store closures — more than any full-year total to date — and 16 major bankruptcies.
This story by Ben Unglesbee originally appeared in Retail Dive.
Since the summer of 2017, when retail bankruptcies were reaching Great Recession-era levels, Retail Dive has compiled regular lists of distressed retailers potentially at risk of bankruptcy.
For about the past year and a half, Retail Dive reporters and editors have generated the list with data from CreditRiskMonitor, which has a proprietary metric (FRISK) that measures the risk of a company filing for bankruptcy within 12 months. It’s based on several factors, including credit ratings, stock volatility, financial metrics and proprietary data around the use of CreditRiskMonitor’s platform.
Camping World was given a 9.9- to 50-percent chance of filing for bankruptcy, according to the FRISK list.
