Here are ten retail chains that ranked high in our most recent financial-risk rating. The first seven retailers listed below were among a short-list of 50 public companies published on June 10. The remaining firms were not far behind. A few of the companies we're listing wished to offer responses defending their financial health; their comments are included below. The rest of the companies declined to comment on our rankings.
This Irving, Texas, jewelry retailer suffered a 13% decline in sales and a net loss of $155 million in the latest 12 months. A mall staple, Zale has racked up nearly $100 million in unusual expenses in the last four fiscal quarters. In the fall of 2009 no fewer than seven plaintiffs' law firms announced the filings of shareholder class-actions suits against Zale in federal court in northern Texas; the suits accused the retailer of misleading investors about its financial health between 2006 and 2009. Zale is fighting the claims. Last month the company received a much-needed five-year, $150 million loan from San Francisco's Golden Gate Capital.
Posts
