Moody's reports retail bankruptcies hit an all-time high in the first quarter of the year. Sears, J.Crew, and Neiman Marcus are likely next to default among many. Eddie Bauer, 99 Cents Only stores, PetSmart and Steak & Shake are also at risk. In fact, experts say defaults in 2018 could match or exceed last year's record level. Jewelry retailer Claire's and grocery chain Bi-Lo— have already filed for bankruptcy.
