Overview
In 2020 the U.S. retail industry experienced many high-profile bankruptcies. Large retailers like Neiman Marcus, JCPenney, and Sears filed for bankruptcy as well as many more in the industry. Many of these retailers had been struggling for a variety of reasons, with the increased popularity of online shopping and home delivery being two of the reasons most apparent to the public. The demand for online shopping and home delivery dramatically increased when the country experienced widespread lockdown orders in the wake of the global pandemic. Retailers that filed for bankruptcy in 2020 reported more than 100 million in assets. The bankruptcies had many far-reaching effects on the domestic economies, supply chains, and continued shifts in consumer practices.
Instructions
Research a retailer that filed for bankruptcy in 2020. Evaluate the finance and investment decisions that you believe lead to their bankruptcy. Write a 6-8 page paper in which you:
- Identify three financial decisions the retailer made leading up to their bankruptcy decision.
- Identify three investment decisions the retailer made leading up to their bankruptcy decision.
- Describe why the financial and investment decisions you identified led to their bankruptcy.
- Analyze how their decisions impacted their ability to raise capital.
- Evaluate the retailers' decisions to invest in and innovate their operations to remain in business.
- Use at least five quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as quality academic resources. If you require help with research, writing, and citation, access the Strayer Library or review library guides.
INSTRUCTIONS
Format
- ting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
- Assess the impact of a large bankruptcy filing on individuals, businesses, industries, and the economy.