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The retail industry is facing a potential wave of bankruptcies – here's why

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The retail industry is facing a potential wave of bankruptcies – here's why

Quick Summary

Last week, Revlon became the first consumer-facing name in months to file for bankruptcy.

Now the questions are: Which retailer will be next, and how soon?

Now the questions are: Which retailer will be next? And how soon? "Retail is in flux," said Perry Mandarino, co-head of investment banking and head of corporate restructuring at B. Riley Securities."And within the next five years, the landscape will be much different than it is today.


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Article Details

Category: Economy

Topics: Shopping malls Business News Cnbc Macy's Inc Target Corp Revlon Inc Bankruptcy Articles Retail Retail industry Shopping Source:tagname:CNBC US Source Corporate bankruptcy Gap Inc Kohl's Corp Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:00:01

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 11 minutes read

Article Length: 1837 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5799

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 11 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 20h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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