Researchers at S&P Global Market Intelligence recently released a list of 10 publicly traded retailers they consider most at risk of default within the next 12 months.
The firm’s analysis is based on industry factors, such as intensity of competition and barriers to entry, as well as company-specific metrics, the Wall Street Journal reported.
“The shift to online shopping has left a lot of financial distress in its wake,” Jim Elder, director of risk services at S&P, wrote in a research note. “The results from the first quarter do not suggest that a quick recovery is on the horizon,” WSJ.com quoted Elder as saying.
“The number of bankruptcies so far this year has already come close to the total in 2016, with 14 retailers filing compared with 18 last year, according to S&P Global Market Intelligence. Payless Inc., RadioShack Corp. and Limited Stores Co. are among those that have sought