Plunges like this only occur when something big is going on.
Nasty secondary effects of corporate cost-cutting.
The industry spirals into turmoil.
Luxury Retailer sinks into the quagmire.
The fear of “currency instability.”
Brick-and-mortar retailers are being taken out the back and shot.
“Investment and hiring intentions at lowest since 2009”: Bank of Canada
At least, they didn’t blame China.
It’s getting tough for our over-indebted, junk-rated LBO queens.
On January 1st, Londoners woke up to a rather perplexing reality.