These 5 Retailers May Not Survive 2017
Some chains won't make it through the end of the year. Image source: Getty Images.
So far, 2017 has not been kind to retailers. In the first three months of the year, nine retailers declared bankruptcy -- the same number that went bankrupt throughout all of 2016, according to CNBC.
Bankruptcy isn't always a death sentence. Sometimes a company can find a bank or other entity to loan it the money it needs to emerge from bankruptcy and continue operating. Rue21, Payless, Gymboree, and Bebe all filed for bankruptcy recently, and yet each of the chains expects to stay in business. However, some companies -- like HH Gregg and all corporate-owned Radio Shack locations -- don't survive a Chapter 11 bankruptcy filing. Instead of being able to reorganize and recapitalize, they go out of business for good.
Source: Fool.com
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