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.
“The Only Free Cheese is in a Mouse Trap.”
PE firms win again. Stiffed creditors not amused in bankruptcy court.
That retail is overbuilt is obvious to anyone who has driven 20 miles in America. Less obvious is the why of over-building.
Landlords are reading the memo, but it may be too late.
Six quarters in a row of year-over-year declines.