Retail had one heck of a 2016. It was a bleak year with at least 14 major U.S. retailers closing 100 or more stores.
But if that seems like a lot, hold on to your hats in 2017 as more stores get ready to bite the dust.
Respected bond credit rating business Moody's has sounded the alarm about almost two dozen retailers that could be at risk of defaulting on their loans for a number of reasons.
All the stores on the list face factors such as declining store traffic, liquidity issues, management challenges, weakened competitive positions and more.
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