Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down by Wolf Richter • Dec 8, 2017 • 55 Comments $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come.
Bonds Issued by Acquirer of Mattress Firm & Sherwood Bedding Collapse after ECB Buys Them as Part of QE by Wolf Richter • Dec 6, 2017 • 46 Comments Steinhoff’s “accounting irregularities” crush its stock.
Online, Mobile Crush Everything Else this Holiday Season by Wolf Richter • Nov 27, 2017 • 49 Comments “I think that world is gone,” says Walmart US CEO about the Black Friday “mayhem” of prior years.
Is E-Commerce Really Crushing Brick-and-Mortar Sales? by Wolf Richter • Nov 17, 2017 • 46 Comments Some big sectors are still resisting.
Wall Street Discovers the Brick-and-Mortar Meltdown by Wolf Richter • Nov 16, 2017 • 60 Comments Oh Lordy.
Brick-and-Mortar Meltdown Sinks Property Prices by Wolf Richter • Nov 6, 2017 • 64 Comments Other sectors are weak too, but one sector is hot.
Malls and their Hapless Investors Keep Getting Crushed by Wolf Richter • Nov 3, 2017 • 63 Comments (Creative) Destruction in the brick-and-mortar meltdown.
Sears Holdings Exhausts its Last Credit Facility by Wolf Richter • Oct 31, 2017 • 49 Comments It risks running out of money just before the holiday selling season.
Why Did Sears Holdings’ Largest Outside Shareholder Suddenly Jump Overboard? by Wolf Richter • Oct 16, 2017 • 44 Comments 4th director to quit in 10 months. Bankruptcy prospects heat up.
What the Headlines Got Wrong about Retail Sales by Wolf Richter • Oct 14, 2017 • 33 Comments No, our American consumers didn’t suddenly perform a miracle.
