A “bust out” is a fraud used in organized crime, wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy.
“Amazon’s plunge into the $800 billion US grocery industry posed an existential threat to rivals”: CNN, August 2018. So let’s see.
“The traditional private equity model should have no place in retail.”
How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall.
Department store sales hit a new record low in the data going back to 1992.
But back to “normal” hurts after a good run.
How its own online sales, now one-third of its total sales, eat its brick & mortar. But it’s a matter of survival.
Brick-and-Mortar Meltdown for its new shareholders: All of them PE firms.
Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
Consumer exuberance maxed out last summer and has since changed direction.