How Debt Plays an Outsized Role in Retail Bankruptcies
Retail and the Debt ‘Tipping Point’
The unsettling headlines in retail just keep on coming. One of the latest going-out-of-business events—the closing of Payless ShoeSource’s North American operations—stands as the largest liquidation by store count in U.S. history. My firm, Tiger Capital Group, along with joint venture partner Great American Group, began liquidating $1 billion in inventory at 2,300 Payless stores this past February. The sale […]