Fairway, Papyrus Bankruptcies Give Retailers the January Chills

Loan default rate for retail sector rose to 7% from 4.7% year-over-year in December

This week, Fairway Market and Papyrus joined Save-A-Lot parent Moran Foods as retailers that have either filed for bankruptcy or defaulted in January, making for an inauspicious start to 2020.

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