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A Rash of Retailers About to Go Bankrupt

Debt, trimmed consumer spending push retailers to brink

By Jim O'Neill, Newser User

Posted Jan 12, 2009 8:36 AM CST

(Newser) – Look for a wave of retailers going bankrupt in the months ahead, reports the Wall Street Journal, as dismal holiday sales take their toll on a business sector that's weak from expanding too fast and taking on too much debt. Lenders who traditionally have supported... Read full story »

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A Rash of Retailers About to Go Bankrupt

Debt, trimmed consumer spending push retailers to brink

bankruptcy • Circuit City • Chapter 11 • retailers • Claire's Stores

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More Newser Stories

Circuit City Powers Down

Electronics retailer offers one more day of deep discounts

Circuit City Files for Bankruptcy

Dropping consumer spending, tightening credit hurt the electronics giant

Pink Slime Maker Files Chapter 11

AFA Foods blames sudden drop-off in demand for beef products

Kodak Files for Bankruptcy

Future looks bleak for photography pioneer's workers, retirees

Hostess Files for Bankruptcy

Second Chapter 11 filing in recent years

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