Last week the American Retail giant Toys R Us, Inc filed for bankruptcy in North America to help restructure its debts.
Amid increased competition technological changes Toys R Us made moves to stabilise its performance through a court-approved loan of more than $2bn.
Yet as the retailer makes strides to secure its long term future, it begs the question: what does the future hold for the US retail market?
Recently clothing retailers Wet Seal and The Limited filed for bankruptcy protection and a report by the BBC in May 2017 suggests 90,000 jobs have been lost in the sector over the last few months.
So as the highly competitive market continually adapts to change, new research from Plimsoll has analysed the financial performance of the USA’s largest retail firms.
Findings taken from Plimsoll’s new Analysis of the USA’s 292 largest retailers, shows just how competitive the market is with many of the world’s most recognisable brands struggling for substantial growth.
Indeed, further results show that 44% of companies reported a pre-tax loss while 52% of firms report a fall in margin in the latest year.
The new Plimsoll Analysis – USA Retailers – offers an immediate insight into the financial performance of the USA’s largest players. This Analysis will give you a better understanding of each company’s performance and the sector they operate in.