Expert: Heavy Debt Drives Retail Failures

by MR Magazine Staff

Excessive debt continues to be an underappreciated factor in the demise of many retail chains. That’s according to Bradley W. Snyder, executive managing director, Tiger Capital Group. Snyder, a corporate advisor on global business strategies, cited the current closing of Payless ShoeSource’s North American operations, the largest liquidation by store count in U.S. history, as the latest example of a debt-laden retail chain in bankruptcy. Read more at Chain Store Age.