Category: #retailapocalyse

Retail Apocalypse’ Causing More Than 3,500 Stores to Close: What You’re Not Being Told

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Facing Imminent Bankruptcy, Toys “R” Us Enters Death Spiral

Last week’s news that Toys “R” Us has hired bankruptcy lawyers Kirkland & Ellis to help restructure its heavy debt load, came as a shock to the company’s creditors, who promptly sent its bond crashing from nearly par at the start of the month to 43 cents on the dollar as of Friday…

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Retail Sales Tumble In August – Worst Since Jan 2016 As Online Sales Slump

Following July’s exuberant bounce back in retail sales (due to auto sales spike, despite auto manufacturers reporting a collapse in sales?), August Retail sales tumbled 0.2% MoM (just as we warned) and July’s surprise gains were cut in half due to revisions… Source: http://ift…

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Retail Sales Tumble In August – Worst Since Jan 2016 As Online Sales Slump

Following July’s exuberant bounce back in retail sales (due to auto sales spike, despite auto manufacturers reporting a collapse in sales?), August Retail sales tumbled 0.2% MoM (just as we warned) and July’s surprise gains were cut in half due to revisions…

Source: http://ift.tt/2xCWaX3

Dick’s CEO: “The Retail Industry Is In Panic Mode”

With Dick’s stock crashing after reporting dreadful results this morning, in which both comp sales and EPS missed as the company slashed its full year guidance below even the lowest sellside forecast (it now sees full year EPS of $2.80 to $3.00, below the previous guidance of $3.65 to $3…

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