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Debt and Consumer Shopping Shift Aren’t the Only Reasons for Retail Bankruptcies

Traditional brick-and-mortar retailers that fail often blame debt and the consumer shift to e-commerce as reasons for shortcomings on their balance sheet—but too many doors and a declining middle-class population have also contributed to the problem. Data from the high number of U.S. retailers that have filed for bankruptcy court protection in 2017 and 2018…

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