- Nationwide retail store closures (Toys R Us, Sports Authority) spiked to 6,752 (through Q3), primarily driven by the shift to shopping online.
- Many analysts believe the real apocalypse will occur in 3-5 years when over-leveraged retailer’s debt matures.
- High-yield retail maturities will spike from $100M (2017) to $1.9B next year before ballooning to $5B per year (2019-2025).
- More closures will hurt the overall economy since retailers have 8 million employees.
- Click on Bloomberg to see infographs.
America’s ‘Retail Apocalypse’ Is Really Just Beginning
(11/08/2017)
