It's More Than Amazon: Why Retail Is in Distress Now - NBC 7 San Diego
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It's More Than Amazon: Why Retail Is in Distress Now

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    NEWSLETTERS

    It's More Than Amazon: Why Retail Is in Distress Now
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    With more than half of 2017 still ahead, the retail industry is seeing a record-setting pace for bankruptcy filings and store closings — and more are expected, CNBC reported.

    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.

    For some retailers, it's time to pay their creditors.

    The problem is, the debt loads are bigger than many can handle, and there's no time left to make up the cash needed.

    Hurricane Maria Batters Guadeloupe

    [NATL] Hurricane Maria Batters Guadeloupe

    Hurricane Maria swept over Guadeloupe and other parts of the Caribbean early Tuesday as it approached the U.S. Virgin Islands and Puerto Rico. Guadeloupe's Pointe-a-Pitre airport, as well as its capital, Basse-Terre, were battered with heavy wind and rain as Maria moved over the French territory. 

    (Published 2 hours ago)