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New York Partner Andrew Schoulder was quoted in the September issue of Financier Worldwide regarding the increase in bankruptcies in the retail space and the pressure companies are under to adapt in this changing industry. While some are pointing fingers at the increase in online shopping as a reason for the upsurge in retail bankruptcies, Schoulder mentions that the act of purchasing over the internet is hardly a new phenomenon. “The band aid has been on for so long and part of what we are seeing now is the adhesive coming off,” said Schoulder, who also addressed what retailers can do to survive and avoid a distressed situation. “A few recent situations demonstrate that survival is possible by proactively tightening your belt, early.” Click here to read the full article.

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