Rise of Amazon leaves even more retailers in intensive care

The number of distressed U.S. retailers has tripled since the Great Recession and now stands at the highest level since the end of the downturn, according to a recent Moody’s Investors Service report. The 19 retail and clothing companies on the distressed list include Sears and Kmart owner Sears Holdings, J. Crew, Payless, Claire’s, Rue21 and True Religion.

Retail real estate heads for dark 2017

Reeling from a shaky holiday season and slowing mall traffic, U.S. retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of U.S. retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming years, according to data provided to Bloomberg by CoStar Group.

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The job growth will represent less than 1% of the company’s current American workforce of about 1.5 million people. But it bucks the trend of major brick-and-mortar retailers, which have been slashing jobs and closing stores.

Walmart adding 10,000 U.S. jobs

The job growth will represent less than 1% of the company’s current American workforce of about 1.5 million people. But it bucks the trend of major brick-and-mortar retailers, which have been slashing jobs and closing stores.