Deals
Retail Distress Deepens in U.S. on Drag From Debt, Web Spending
- Biggest U.S. mall owner Simon Property sees more pain ahead
- J.C. Penney, Neiman Marcus and PetSmart carry high debt loads
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The U.S. retail apocalypse is far from over.
While the collapse of storied merchants like Sears Holdings Corp. and Toys “R” Us Inc. has left stores shuttered across America, retailers still make up about a fifth of the universe of distressed borrowers. Consumer confidence is slumping.