This should be another BIG bankruptcy year.
- A retailer nobody as probably ever heard of – Marbles – is closing up shop. Cited a "dramatic downturn" in its 2016 holiday business that left it short on cash.
- Look for more of these Mom and Pop ‘plus’ chains to get Amazoned this year and close up shop than we have seen in 2 economic cycles.
- Note that Q1 is the biggest CH11 quarter of the year (31%) as Cash Flow comes in post holiday liquidation. We’ll see a lot more of these. Check out the chart below.
Other retail bankruptcies in 2017 so far include Wet Seal, Ben Hogan, & Eastern Outfitters (Bob’s Stores/Eastern Mountain Sports)
Marbles: The Brain Store has filed for Chapter 11
