Chart of the Day: Retail Mortality

So I totally get what Amazon does to the brick-and-mortar retail space, but still, given the presumed strength of the consumer, there has to be more (perhaps the corporate debt reality I keep pounding on herein) to what you see below than simply online shopping.

Record retail bankruptcies in 2019. Even faster pace this time of year in 2020:  Click to enlarge…
Imagine what happens if/when the consumer begins to cut back a bit…

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