31 May 2017 Market Insight – Will the Retail Industry be the Next Commodity Crisis for the U.S. Credit Markets?
Posted at 10:11h
in perspectives
During the past year, record store closings at Macy’s, Sears, Kmart, JCPenney, Payless and Radio Shack have painted a dire picture of the U.S. retail sector. Some forecasters expect more retail stores to close in 2017 than during the financial crisis in 2008, leading to additional bankruptcies, layoffs, real estate defaults and equity/bond market losses.