Liquidating reit Chat with girls without doing any registeration
Recession concessions It's important to understand that retailers rarely fail overnight.In most cases, a lot of the operational trouble, including declining sales and traffic began before the Great Recession.Less stuff, more experiences While some shopping is shifting from stores to the web, spending is being diverted from physical goods, particularly, clothing. Retailers like Macy's and credit card companies have discussed the shift in consumer spending from physical goods to experiences like travel.Plus, for years now, Americans have been making bigger purchases or investments like their homes, which has paid off for Home Depot and Lowe's.Even David Simon, CEO of mall operator Simon Property Group, who unsurprisingly often plays a cheerleader role for positive retail trends, can't deny the impact private equity is having on retailers."The [retailers] that aren't surviving in a tough REIT apparel environment are the ones that were highly levered and had the imprint of private equity on it," Simon said on his most recent earnings conference call.Now, those debts are reaching the end of their runways, meaning it's time for retailers to pay their creditors.
This tipping point for retail is the result of a number of compounding reasons, but the inability to pay looming, massive debt bills is dealing the final death blow to many.
Before the 2005 changes, it was not uncommon for a retailer to be in bankruptcy for 18 months or so, but now that's not possible.
Which means, Chapter 11 is now turning into liquidation much more frequently.
Moody's has a number of other retailers owned at least in part by private equity on watch lists based on upcoming debt maturities, including J.
Crew, Neiman Marcus, David's Bridal, rue21, Claire's and Charming Charlie.