This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
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.