Monday, February 4, 2019

Retail distress deepens in U.S. on drag from debt, web spending

Valley News
The U.S. retail apocalypse is far from over.

While the collapse of storied merchants like Sears and Toys R Us has left stores shuttered across America, retailers still make up about a fifth of the universe of distressed borrowers. Consumer confidence is slumping.

On Friday, the head of the biggest mall owner in the U.S. cautioned that more retailer bankruptcies are coming.. . . more