As a start to the new year, John-Henry Perera of the Houston Chronicle reported on the potential demise of three former retail power houses by years end – J.C.Penney, Sears and Container Stores.
This is not necessarily news. For one, the death of Sears/Kmart has been predicted for years while they continue to limp along. Perera’s column is based on forecast from the corporate research unit of Graphic, FindTheCompany. Based on the Altman Z-Scores, FindTheCompany predicted the likelihood of these three retailers bankruptcies. FindTheCompany previously forecast the demise of Aeropostale and Quicksilver using the Altman Z-score.