Where’s the Trump and Republican outrage? There are more retail jobs than coal jobs.
shoppers' habits are fundamentally changing, and some retailers just aren't cut out to survive in the new retail environment.
"Retailers are running out of cash, and the dominoes are starting to fall."
More than 3,500 stores are expected to close over the next several months.
"Private-equity firms [and] banks seem less willing now to step in to save these failing retailers as the issues this time around are more structural rather than quick operational fixes," RBC analysts wrote in a recent research note.
Source: Business Insider