An insightful summary of the impact of the great retail apocalypse on growing B2B credit risk and measures to take to avoid surprises and maintain efficient credit management workflows.
5,300 Store Closures
have been announced till March 2019, as Victoria’s Secret, JCPenney, and Gap shutter dozens of locations.
1,100 Store Closures
were announced in a single day in March 2019
~ 95 Retailers
Have closed shop since 2015 to 2019
The list of retail bankruptcies is still running, so when it comes to making complex credit decisions for your retail customers, the margin for error shrinks as the repercussions of a single mistake expand. After all, the viability of your credit management team hinges upon your ability to fine-tune your company’s credit decisions.