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The proposed leveraged buyout of Macy’s Inc. is a reminder that retail has been a notoriously tough sector for private equity, with debt of companies that were taken private in recent years falling to distressed levels.
Philadelphia Eagles fans are turning to prayer, preaching and the city's iconic soft pretzels to support their team in Super Bowl LVII.
The consumer pullback poses a particular existential threat for the retailers in the deepest financial trouble.
The highest inflation in four decades is lashing consumers and pushing up prices for all of life’s necessities, not to mention the extras. Rising interest rates are pummeling the housing market, and war, extreme weather and extreme politics — not exactly the stuff of holiday spirit — are dimming the economic mood.
Some $550 billion in market value was wiped out from consumer stocks over a five-day stretch last week, increasing the downward pressure on a market already stressed by fear of inflation and [...]