Cracks in Malls Grow Deeper (Long Thanos, Short CMBS)
Retail Carnage Continues Unabated (R.I.P. Payless, Gymboree, Charlotte Russe & Shopko)
Talk of retail’s demise is so pervasive that the casual consumer may be immune to it at this point. Yeah, yeah, stores are closing and e-commerce is taking a greater share of the retail pie but what of it?
Well, it just keeps getting worse.
Consider 2019 alone. The Payle…