James Sowka Discusses Rise of 2024 Bankruptcies in The Washington Post

The Washington Post quoted James Sowka in its article, “Forever 21, fast-fashion clothing store, files for Chapter 11 bankruptcy,” on March 17. Sowka discussed how business bankruptcies have been on the rise and low-cost retailers have been hit particularly hard amid challenges with higher interest rates.

“You have companies that had a lot of debt that raised prices and lost market share because of it. Or they felt they couldn’t raise prices due to inflation and it squeezed their margins due to higher borrowing costs.”

The full article is available here.