Toys "R" Us

After better than expected holiday season, a 'reckoning time' for retailers

After better than expected holiday season, a 'reckoning time' for retailers

Consumers have unwrapped their holiday gifts. Now, it’s retailers’ turn to see what the holiday season brought them.

Companies and their lenders are tallying sales, calculating returns and weighing prospects for the year ahead. It’s “the reckoning time,” said Frank Layo, managing director at consulting firm Kurt Salmon, part of Accenture Strategy.

It didn’t end well last year: The Limited, Wet Seal, Marbles Holdings, BCBG, hhgregg, RadioShack and Gander Mountain all filed for Chapter 11 protection by the end of March. Retailers announced 6,955 store closures in 2017, outpacing closings at the height of the Great Recession, according to Fung Global Retail &...

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