Stories

Why your favorite stores are imploding

Illustration: Rebecca Zisser / Axios

Big Retail is coming off its worst year since the financial crash, and there will be more bloodletting; 50 retailers declared bankruptcy in 2017, and next year looks worse. Fitch forecasts $7 billion in retail defaults in 2018, 23% higher than the $5.7 billion this year. That is stunning, as retail accounted for a whopping 30% of all 2017 defaults.

Fitch lists these retailers, among others, as most in danger: Sears, Neiman Marcus, J Crew, Talbots, Lands' End and Cole Haan.