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Tag: declining-sales

Bon-Ton files for Chapter 11

After nearly two months of negotiating with bondholders and years of declining sales, the ailing department store retailer went to court seeking bankruptcy protection Sunday. 

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Off-price retailer to explore alternatives

Stein Mart is looking at its options in the wake of declining sales.






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House of Fraser’s financial health in question as it seeks to reduce rents

House of Fraser has confirmed it is seeking a reduction in some of its rents, prompting questions about the financial health of the department store chain. A spokeswoman for the retailer has said it has contacted some landlords asking for “their support” as it prepares to publish its Christmas trading performance






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Moody’s downgrades New Look & House of Fraser amid falling sales

House of Fraser has seen ratings agency Moody’s downgrade its status to “very high credit risk” due to consistently weak performing sales.






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Urban Outfitters posts worst results for 7 years

Fashion retailer Urban Outfitters has revealed another year of declining sales as young shoppers increasingly turn away from the brand.






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10 major retailers that could go bankrupt in 2017

Massive debt, declining sales, shrinking customer base, cutthroat competition — it's a toxic recipe for retailers that has spelled doom for many and could send more household names into bankruptcy this year.






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