NEWS FOR THE WEEK OF 10/2/16
- Apparently the 400-pound trolls of the interwebs are responsible for a 4.1% comparable sales drop at Ares and Canada Pension Plan Investment Board held Neiman Marcus. Well, AND pain in Texas. AND tourist spending being down because of the strength of the dollar. Related, Fitch takes a bearish view on a number of retailers while others look at Nine West and Weight Watchers and ask, "Remember Cov-Lite?".
- Meanwhile, is it possible for Sears to kill malls when they're already dead?
- Consumer bankruptcies in Alberta Canada are soaring as unemployment hits a 22-year high of 8.6%.
- Takata faces the rare mass-litigation-based bankruptcy filing.
- Chart of the Week: