“The Cause and Consequences of the Retail Apocalypse”

Something in this article has to be wrong. A bankruptcy shouldn't result in closing profitable stores, just in a change of ownership from the holders of shares to the holders of debt.

If a bunch of stores are closing AND a bunch of retail chains are bankrupt, the causal structure seems more likely to be unprofitable->closing and unprofitable->bankrupt, rather than bankrupt->closing which makes no sense.

Thought this was an interesting addendum to this discussion from last week based on Bloomberg's report:

https://news.ycombinator.com/item?id=15653871