Retail Woes Mount as List of Troubled Companies Grows
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Retail Woes Mount as List of Troubled Companies Grows
By Daniel A. Lowenthal, Partner, Patterson Belknap Webb & Tyler LLP
The state of brick-and-mortar retail in the United States is dismal. Companies are firing workers, closing stores, and filing for bankruptcy. In-store customer traffic is down, while online purchases are up. For big retail chains, the situation will worsen before it improves.
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Daniel A. Lowenthal, chair of Patterson Belknap’s Business Reorganization and Creditors’ Rights practice, has earned recognition as a skilled advocate for clients in bankruptcy, creditors’ rights, and corporate restructuring matters for work on behalf of creditors’ committees, trade creditors, indenture trustees, and bankruptcy trustees and examiners. He also has achieved numerous favorable results for clients in trial and appellate courts and in commercial arbitration. Lowenthal holds a law degree from George Washington University, with honors, and a bachelor’s degree from Duke University, magna cum laude.
