DETROIT The holiday season is always a pressure cooker for retailers, but this year promises to be more stressful than usual.
With foot traffic dwindling and more consumers shopping online, brick-and-mortar chains are having to fight harder for customers. Many U.S. retailers also are laboring under a mountain of debt, turning the season into a high-stakes fight for survival.
More retailers are at risk of running out of cash or defaulting on debt now than at the peak of the last recession, according to Moodys Investors Service, and subpar holiday sales could deepen their distress. To be sure, wide-open credit markets ha…
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