February 8, 2018 / 1:33 AM / 2 months ago

'Omnichannel' model can help fend off retail restructurings - Fitch

Retail spending by U.S. consumers is expected to rise at a solid pace but several well-known brick-and-mortar chains will still need a debt restructuring of some kind, potentially including bankruptcies, according to Fitch Ratings.

Among the retailers the credit rating agency said in a report on Tuesday that it sees headed for restructuring over the next one to three years are Claire’s Stores, GNC Holdings, Neiman Marcus Group and Sears Holdings.

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