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The Atlantis Report, 10/20/23
"12 Major Retailers Are In
Big Trouble As Bankruptcies Skyrocket"
"The retail landscape is undergoing a massive transformation, with a staggering 61 percent increase in bankruptcies and a 77 percent surge in United States store closures over the past year, as revealed by recent data. A collaborative report from Retail Dive and Credit Risk Monitor highlights the impending risk of liquidation for several retailers, as some have already initiated Chapter 11 filings and confront the prospect of permanent closures. As we approach the end of 2023, dark storefronts and product shortages cast a shadow over the holiday season, intensifying a trend where prominent brands shutdown locations leaving a lasting impact on the retail industry. In this video, we'll uncover the 12 major retail stores which are set to cease operations in 2023."
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