Property News · January 8, 2018

Wave of store closures and retail bankruptcies in the US to benefit giants like Amazon and Wal-Mart


A wave of store closings and retailer bankruptcies in the US is due soon this year, as the industry deteriorates faster than analysts had expected a year ago, according to Credit Suisse Group.
The retail business’s “large and undeniable transformation” will crimp rents and vacancy rates this year, strategists Roger Lehman and Benjamin Rozyn wrote in a note on Thursday. Bonds backed by these loans are likely to weaken, they said.
Even if the just-ended Christmas shopping…

Source : South China Morning Post
Read more…Wave of store closures and retail bankruptcies in the US to benefit giants like Amazon and Wal-Mart

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