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Retail Distress Deepens in US on Drag From Debt, Web Spending

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The U.S. retail apocalypse is far from over. While the collapse of storied merchants like Sears Holdings Corp. and Toys “R” Us Inc. has left stores shuttered across America, retailers still make up about a fifth of the universe of distressed borrowers. Consumer confidence is slumping. On Friday, the head of the biggest mall owner…

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