So far in 2017, ten retailers have filed for Chapter 11 bankruptcy protection, a figure higher than all such filings in 2016 and on pace to meet or exceed 2009 when 18 retailers opted for Chapter 11.

According to CNBC (citing data from AlixPartners), more than fifty percent of the filings this year come from retailers purchased by private equity firms in leveraged buyouts. The five-year average for such transactions is 31 percent.
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The retailers that have filed for Chapter 11 bankruptcy protection so far this year include, Gordmans, BCBG Max Azria, Gander Mountain, HHGregg, General Wireless Operations (former RadioShack), Payless, Michigan Sporting Goods Distributors, Eastern Outfitters, Wet Seal and Limited Stores.

Last Updated on April 5, 2017 by Ramin Seddiq