It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.
Zombie malls and shuttered stores don’t count.
Brick & Mortar Meltdown: Dog of the Dow on 3rd Day in the Dow.
They Come Under “Intense Scrutiny” by the Pension Funds that Feed Them. But this too shall pass.
Up to $13 billion in 2017. Brick-and-mortar gets some relief. Consumers not amused.
It was bought out by a PE firm, saddled with $8 billion in debt, and grapples with its fate.
Only about half of retail is under attack from e-commerce, but that half is getting crushed.
Where they went, where they came from.
Retailers in bankruptcy are notoriously hard to restructure.
Leverage is why the Fed has been worried about the price bubble in CRE.