Sunday, June 11, 2017

I'd Buy That For A Dollar

So there are 22 U.S. retailers on the edge of bankruptcy.  This is apparently a high number.

If you're curious, here's the list:

Boardriders SA  - sporting subsidiary of Quiksilver
The Bon-Ton Stores - parent of department store chain
Fairway Group Holdings - food retailer
Tops Holding II - supermarket operator
99 Cents Only Stores - discount retailer
TOMS Shoes - footwear company
David's Bridal - wedding dresses and formalwear seller
Evergreen AcqCo 1 LP - parent of thrift chain Savers
Charming Charlie - women's jewelry and accessories
Vince LLC - clothing retailer
Calceus Acquisition - owner of Cole Haan footwear firm
Charlotte Russe - women's clothing
Neiman Marcus Group - luxury department store
Sears Holdings - owner of Sears and Kmart.
Indra Holdings - holding company owner of Totes Isotoner
Velocity Pooling Vehicle - does business as MAG, Motorsport Aftermarket Group
Chinos Intermediate Holdings - parent of J. Crew Group
Everest Holdings - manages Eddie Bauer brand
Nine West Holdings - clothing, shoes and accessories
Claire's Stores - accessories and jewelry
True Religion Apparel - men's and women's clothing
Gymboree - children's apparel
A lot of them I don't know, but some have been big names for much of my life.

I understand companies disappear every year, but it'll be sad to see them go.  The question becomes is this a warning of disastrous times ahead, or a huge amount of creative destruction?

The one that really gets to me is 99 Cents Only Stores.  I've never understood how they can sell their products so cheap, but I figured they must have a working business model to be so widespread.  And, if we're heading into big trouble, you'd think this is the store that would be recession proof.

Just goes to show you nothing is certain.


Anonymous Denver Guy said...

I've never understood how there can be so many clothing outlets. I know I'm not a fashion maven, but how many people really have the time (and cash) to spend hours every day (because that is what it would take) to shop and compare the standard components of human clothing across the hundreds of brand name stores located in American malls! I think the retraction in number of brands is inevitable.

5:31 AM, June 13, 2017  

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