Number Of Distressed US Retailers Highest Since The Great Recession

2016 was a rough year for the so-called brick-and-mortar retailers with several mall-based apparel companies, including Aéropostale, Pacific Sun and American Apparel, being forced to seek chapter 11 bankruptcy protection. Meanwhile, The Sports Authority didn't even bother with a reorg plan as creditors decided that a liquidation was the best way to maximize value for creditors.