Cash-Strapped Shoppers Are Sending Budget Chains Into Bankruptcy
US retail chains Rue21 and 99 Cents Only Stores are liquidating
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Welcome to The Brink. I’m Claire Boston, a reporter in London, where I’m looking at how weaker consumer spending has forced US firms into bankruptcy. We also have updates on Thames Water, Citgo and a pandemic bet on cleaning that fizzled out. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @claireeboston.
The economic stress weighing on low and middle-income consumers in the US is starting to spread to the companies that serve them.