We are in the midst of a massive shift in how retail business is done. Why spend an afternoon in the mall when one can have what one wants delivered to one’s home (and at lower cost)?
(From Seeking Alpha)
The Retail, Services and Finance/Insurance/Real Estate sectors all saw increases in their percentages of overall business filing bankruptcies in Q2 2017 compared to the same period last year.
During Q2 2017, Texas overtook New York as the state generating the highest percentage of overall business bankruptcies but YTD 2017 New York remained on top.
Companies with sales of $500,000 or less generated 56% of all business bankruptcy filings during Q2 2017 and 61% YTD.
Though overall bankruptcy activity is trending upward, public company bankruptcies are down 31% thus far in 2017.