Can CBL Recover From the Retail Apocalypse?
The "retail apocalypse" is a phenomenon whereby thousands of brick-and-mortar retail stores have closed and many national retail chains have gone bankrupt. The cause: a deadly cocktail of debt and declining sales due to competition from e-commerce. It has continued with a vengeance in 2019.
The hardest-hit segment of retail has been the American mall. Mall operator CBL & Associates Properties (NYSE: CBL) has acutely felt this pain, and its stock price reflects this. The stock is down over 90% from its highs a few years ago due to fears that CBL will not be able to survive the current onslaught.
Are these fears well founded?
Source Fool.com


