Monday, February 02, 2009

Another Reason Retail Is In The Tank
Private equity firms snatched up retailers during the real estate boom of the several years ago. They paid too much - cashing out smart retail executives - and did not know how to run the retailers they bought. The recession just sped up the inevitable. Just because a firm is good at raising money, does not mean it's good at managing a business it knows nothing about.

No comments: