These 6 retailers are inching closer to bankruptcy in 2017

Want to get more out of these retailers inching closer without the guesswork? Below we walk through the essentials in plain language, with practical steps you can use right away.

Key Takeaways

• You might wish to get ready to write the requiem for another round of retailers!
• Well, here we are in the second month of 2017 and Fitch has revised its guidance on these companies (plus one other) in a late January note.
• Some of the stores are faring better, though not by much.
• Worth noting: despite all its cost-cutting measures, Sears still isn’t looking solid.

How These Retailers Inching Closer Really Works

The fear at that time was that these five retailers wouldn’t be able to honor the interest payments on their corporate debt and would have to go bankrupt. The once-dominant retailer announced the closure of 150 stores to come in early 2017, yet that move has only managed to reduce the company debt load by a fraction of one percent since last check!

Sears has to make the next interest payment on its debt April 15, according to RetailDive.com. The ‘success story’ of the bunch, if you could call it that, is Claire’s Stores.

Getting the Most From These Retailers Inching Closer

More importantly, the mall-based retailer , best known for its offer of free ear piercing for tween girls , has managed to reduce its debt by almost 18% since we last heard from them. That’s solid, but it might not be solid enough to guarantee the chain’s survival!

Claire’s has an interest payment on its debt due March 15. Faring worst of all, 99 Cents Only Stores and rue21 haven’t managed to move the needle on their debt burden at all.

Tips That Make a Difference

Remember that they too have interest payments on their debt due later this year. (Gymboree is a new entrant on our watch list, so we don’t yet have the data to say if aspects are getting better, worse or staying the same for them.) This much is certain…2017 will continue to be a challenging year for retail. We’ll keep you updated with the latest news of store closures and business bankruptcies right here on Clark.com! : At no point order anything from these online retailers Luxury shoe brands at up to 90% off Source: Luxury shoe brands at up to 90% off by Clark on Rumble.

Frequently Asked Questions

How can I save money on these retailers inching closer?

Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. The once-dominant retailer announced the closure of 150 stores to come in early 2017, yet that move has only managed to reduce the company debt load by a fraction of one percent since last check!.

Is it worth shopping around for these retailers inching closer?

Usually yes. Sears has to make the next interest payment on its debt April 15, according to RetailDive.com.

What should I check before buying?

Read the terms, confirm any code still works, and factor in shipping or returns. The ‘success story’ of the bunch, if you could call it that, is Claire’s Stores.

Smart Ways to Save More on These Retailers Inching Closer

• Check for student, military, or first order offers you may qualify for.
• Time non urgent purchases around major sale events for the deepest cuts.
• Leave items in your cart for a day; some stores send a follow up discount.
• Pair cashback with a coupon so you save twice on the same order.
• Stack a coupon code with an existing sale whenever the store allows it.

Final Thoughts

Put these ideas to work and these retailers inching closer gets a lot less expensive. Bookmark this page, check back for fresh deals, and let the savings do the talking.

Originally published at clark.com.