Consumer Companies — Including Shoes for Crews — Lead April Corporate Bankruptcy Surge [Yahoo! Finance]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
Corporate Bankruptcies Surged in March: Here's Where the Activity Was Corporate bankruptcies in April hit their highest level in a year. And companies in the consumer discretionary category led the way in terms of filings. Sixty six U.S. companies filed for bankruptcy in April, according to data from S&P Global Market Intelligence. That's up from a revised total of 61 filings in March . Year-to-date, corporate bankruptcies are still below 2023 levels but the rate of filings has picked up since the start of the year. “Fading hopes of lower interest rates are likely contributing to the increase in filings, as companies that may have held out hope for rate cuts at the beginning of the year come to terms with the reality that they will remain higher for longer,” read the report. Bankruptcies in the consumer discretionary sector — which includes footwear and apparel — came in at eight for the month. Since the start of the year, there have been 28 total consumer discretionary bankr
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- 4/26/24 - Miss
SPGI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website