Eleven major e-commerce retailers are currently at risk of bankruptcy, Retail Dive reports.
Internet and direct marketing retailers face a higher one-year probability of default than all other sectors, according to S&P Global Market Intelligence data and analysis.
- Grove Collaborative, Boxed, Redbubble, and The RealReal are among the companies at risk of bankruptcy over the next year.
- Six of these companies face the highest risk of default, according to data from CreditRiskMonitor.
- Companies that face a high probability of default in 12 months include ThredUp and Wayfair.
- Many digitally native firms benefited from the rise of e-commerce during the COVID-19 pandemic but have struggled to manage costs amid rising inflation.
