Severe US Retail Shock Could Fan Out to REITs, CMBS
Operational Risk / United States / Wed 13 Sep, 2017
A hypothetical rapid rise in Amazon's U.S. apparel market share could have significant credit implications for existing retailers, REITs and CMBS transactions. Sharp declines in retailer revenue and margins and accelerated store closings would likely drive significant cash flow erosion and weaken credit profiles for apparel-focused retailers, mall