Consumer discretionary bankruptcies hit 81 this year, with 60 in industrials

“US CONSUMER DISCRETIONARY SECTOR BANKRUPTCIES SKYROCKET⚠️

There have been 81 large consumer discretionary firms that went bankrupt year-to-date.

It has been driven by an average consumer pulling back on spending.

The 2nd most hit sector was Industrials with 60 bankruptcies.”

⚠️US CONSUMER DISCRETIONARY SECTOR BANKRUPTCIES SKYROCKET⚠️

There have been 81 large consumer discretionary firms that went bankrupt year-to-date.

It has been driven by an average consumer pulling back on spending.

The 2nd most hit sector was Industrials with 60 bankruptcies. pic.twitter.com/kR9HVAbjNF

— Global Markets Investor (@GlobalMktObserv) October 10, 2024