"This book truly
is a must read."
-- Congressman Ron Paul
SHOP 'TIL THEY DROP!
25 PERCENT OF RETAILERS MAY GO BANKRUPT!
Analysts estimate that from about 10% to 26% of all retailers are in financial distress and in danger of filing for Chapter 11. AlixPartners LLP, a Michigan-based turnaround consulting firm, estimates that 25.8% of 182 large retailers it tracks are at significant risk of filing for bankruptcy or facing financial distress in 2009 or 2010.
In the previous two years, the firm had estimated 4% to 7% of retailers then tracked were at a high risk for filing.
