Monday, March 6, 2017

Retail sales are up — but closure and bankruptcies plague giants

Image result for retail salesScratch the surface of recent retail sales gains, and you’ll find thousands of shuttered stores and billions in distressed debt underneath.

It seems like a contradiction: Retail sales rose a healthy 5.6 percent in January over the year-ago period, but the industry is convulsing with store closures, bankruptcies and liquidations by major chains — topped off by levels of distressed debt not seen since the Great Recession.. . . more

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