Impact of private equity on retail store chains

THREAD: The retail apocalypse in full swing: Gymboree closes 800 stores, Shopko 105, Payless 2300, Charlotte Russe 400.

What’s behind it? Some blame Amazon or changing taste, but the real culprit is private equity. We’ll explain how PE makes money as these businesses fail. 1/12

— Eileen Appelbaum (@EileenAppelbaum) April 19, 2019