About This Video
There was more grim news for retailers as early retail sales figures released Thursday morning show that January sales were down. More and more retailers such as Fortunoff Fine Jewelry and Silverware LLC are filing for Chapter 11, but the lack of consumer spending is making it tough for retailers to get exit financing, according to experts. At The Deal's Distressed Investing Conference, Ed Weisfelner of Brown Rudnick Berlack Israel LLP, Ron Greenspan of FTI Consulting Inc. and Michael Cox of the Seabury Group were on a panel that examined if there still are deals to be done in retail and how to restructure in the current economy.
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