Stagnant consumer incomes, explosive growth in online shopping, decreasing popularity of shopping malls and changes in consumption patterns are just a few of the reasons why the retail industry is struggling. In an article published by the ABF Journal, Herrick Restructuring & Bankruptcy chair Stephen Selbst examines the factors that have created the current retail crisis, explains why Chapter 11 does not effectively give retailers an opportunity to restructure, and suggests avenues that lenders can take to protect themselves from exposure. To read the full article, please follow the link.
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