Another retailer owned by private equity firms goes bust.
Worst downturn in foot traffic and same-store sales since 2009.
Vitamin World to file for bankruptcy, Perfumania Holdings just filed. And Toys R Us… All in just two weeks.
Private equity firms did it again.
Store traffic already spirals down at Albertson’s and Safeway.
Their buying binge in the US goes into the “Contrarian Indicators” category.
This baby is going down the tubes at an ever faster speed.
Bankruptcies don’t help. Even the big chains are closing stores.
Households at lower 80% of income scale are maxed out.
All the big gorillas are trying, but consumers just don’t want to.