Business Insider reported that four US retail chains have filed for bankruptcy. They are Payless Shoesource, Charlotte Russe, Gymboree and FullBeauty Brands .
"As the US retail industry emerges from one of its worst multi-year default cycles yet, companies are getting ready for a second, though less virulent round among smaller, weaker names," Business Insider quoted a report by Moody's Investors Service.
The seventeen retailers that in danger of defaulting or filing for bankruptcy are: Academy; Bevmo; Bluestem Brands; David's Bridal; Evergreen AcqCo (Value Village and Savers brands); Fairway Markets; The Fresh Market; Guitar Center; Indra Holdings (Totes and Isotoner brands); J. Crew; Moran Foods; the Neiman Marcus Group; Petsmart; Pier 1 Imports; Shoes for Crews; Toms Shoes and 99 Cents Only Store.