Analysts with the ratings agency expect operating profit in the industry to take a dip of up to 30% this year, and things are even worse in some sectors.| Retail Dive
A new Moody's report estimates that 20% of mall stores could close in five years amid faster-growing online shopping.| Retail Dive
Lenders to the retailer are seeking higher bids as previous offers from Simon Property, Hudson's Bay and Sycamore came up short, according to Bloomberg.| Retail Dive
The losses come as the retailer tries to negotiate a sale of the company, with few updates on the progress in recent weeks.| Retail Dive