“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.
“I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
Number five in two years. Here’s the list.