https://snakeholelounge.wordpress.com/2017/11/08/retail-inferno-americas-retail-apocalypse-is-really-just-beginning/
That headline from Bloomberg sounds suspiciously like the line from the Brendan Fraser flick The Mummy, “Death is only the beginning.”
As an example, CNN reported that Toys ‘R’ Us declared bankrupty.
While Toys ‘R’ US will keep their stores open for the Holiday season,
they will likely be forced to shutter underperforming stores next year.
According to Bloomberg,
In the U.S., more than 3,000 stores did open in the first three
quarters of this year. But almost 6,800 closed. And this comes when
there’s sky-high consumer confidence, unemployment is historically low
and the U.S. economy keeps growing. Those are normally all ingredients
for a retail boom, yet more chains are filing for bankruptcy and rated
distressed than during the financial crisis. That’s caused an increase in the number of delinquent loan payments by malls and shopping centers.
No comments:
Post a Comment