Check out a different weak market for retailers.
Not only are retailers having trouble selling merchandise, they are also having trouble selling themselves.
The days of the buyout boom, when the underlying value of real estate attracted buyers to retail assets is gone, analysts and bankers told Reuters.
But there could be value for some investors.
“These markets will also create opportunistic deals for people willing to dig deep, do some research and wait for a longer payout. The days of sprucing up an asset for a quick flip are over for now,” said one retail investment banker, who declined to be named.
“There’s a lot of folks looking, but not necessarily pulling the trigger,” the banker said.
Also in the basket:
Blockbuster’s Circuit City bid deemed Netflix boon
Retailers get stingy with data (N.Y. Times)
LVHM Bullish on U.S. (WWD)
Supervalu 4th-quarter profit rises, sales edge up
(Photo: Reuters)
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