CNBC quotes Ron Friedman, national leader of Marcum's Retail & Consumer Products group, in "High Stakes for These Retailers this Holiday Season" article.
By Krystina Gustafson
For the retailers that have been knocking on death’s door, this holiday shopping season has taken on an added sense of urgency.
Teen retailer Aéropostale, for example, is operating under threat of having its shares delisted from the New York Stock Exchange — the result of deteriorating sales that ate away at its market capitalization. Shares recently traded below 65 cents.
“We will always see bankruptcies. We will always see a change in the environment because of that,” said Ron Friedman, leader of the national retail and consumer products group at Marcum, an advisory firm. “[But] there’s always going to be someone new.”