Apple TV app - Movies US charts:
1. Trolls World Tour
2. Irresistible (2020)
3. The King of Staten Island
4. Jumanji: The Next Level
5. The Invisible Man (2020)
6. You Should Have Left
7. Sea Fever (2019)
8. The Gentlemen
9. Trolls: 2-Movie Collection
Apple TV app - Movies US charts - Independent:
1. You Should Have Left
2. Sea Fever (2019)
4. Go Back to China
6. The High Note
7. Robert the Bruce
8. I Still Believe
10. 28 Days Later
The Next 5 Retailers on the Edge of Bankruptcy
Through no fault of theirs, the novel coronavirus has put some retailers on the edge of bankruptcy. And as you’ve seen, many have fallen over that edge including iconic names like Nieman Marcus, J.C. Penney and J.Crew.
In fact, according to the American Bankruptcy Institute, there were 560 commercial Chapter 11 filings in April. That was a 26% increase over last year. And executive director, Amy Quakenboss, suggests that there are more to come.
“As financial challenges continue to escalate amid this crisis,” observes Quakenboss, “bankruptcy is sure to offer a financial safe harbor from the economic storm.”
With no revenue walking through the door, many retailers are seeing a semblance of revenue from e-commerce sales. But for some retailers, the shutdown is more impactful because they didn’t have a strong e-commerce structure. That means that they rely more than others on brick-and-mortar sales.
The real question now is will there really be the pent-up demand that some analysts still swear is just waiting to be unleashed. It may indeed exist. Time will tell. But time is not a commodity many of these retailers have. And we’ve identified five retailers for which the clock is not in their favor.
View the "The Next 5 Retailers on the Edge of Bankruptcy".