20 Risky Retailers

Description:

According to Jeanine Poggi, "Bankruptcies in the retail sector are still a very disconcerting prospect. ... Given this, TheStreet is taking a look at some of the riskiest retailers in the sector based upon the Altman Z-Score, a formula developed by New York University professor Edward Altman in 1968. The Altman Z-Score measures several aspects of a company's financial health to forecast the probability of it going bankrupt within two years. Since its inception, the formula has been 72% accurate in predicting corporate bankruptcies two years prior from the filing. ... The list looks at those companies with a Z-Score below 3 for the full fiscal year." Read more here.

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