The retail world is in a state of transition. Over the last few years, several retail giants, including Sears, Kmart, JC Penney, Macy’s, Payless Shoe Source, Radio Shack and The Limited, announced multiple store closures or filed for bankruptcy protection. Overall, the number of retailers with debt rated at Moody's most distressed level has tripled since 2009 - and Moody's predicts this list will grow longer over the next five years.
Meanwhile, online retail giant Amazon generated $80 billion in sales in North America alone.. . . more