by Matt Townsend, Jenny Surane, Emma Orr and Christopher Cannon of Bloomberg
Excellent article from Bloomberg about overindebtedness in the retail sector. And how it can impact not just stores, but ultimately consumers, a large part of US GDP.
"The root cause is that many of these long-standing chains are overloaded with debt—often from leveraged buyouts led by private equity firms. There are billions in borrowings on the balance sheets of troubled retailers, and sustaining that load is only going to become harder—even for healthy chains. The debt coming due, along with America’s over-stored suburbs and the continued gains of online shopping, has all the makings of a disaster."