Friday, January 5, 2018

Another Retail Bankruptcy Wave Is on the Way, Credit Suisse Says

Nicole Donnelly (l to r), of South San Francisco, carries a shopping bag as she and and Denise Donnelly, of South San Francisco, exit  the Macy�s in the Stonestown Galleria on Wednesday, January 4, 2018 in San Francisco, Calif. Photo: Lea Suzuki, The ChronicleA wave of store closings and retailer bankruptcies is coming in early 2018, as the industry deteriorates faster than analysts had expected a year ago, according to Credit Suisse Group AG.

The retail business’s “large and undeniable transformation” will crimp rents and vacancy rates this year, strategists Roger Lehman and Benjamin Rozyn wrote in a note Thursday. Bonds backed by these loans will likely weaken, they added.. . . more

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