Retail Has Seen Some Growth, but There Are Still Looming Obstacles to Clear

The retail loan default rate could climb to 25% by the end of the year

small houses stacked nearby each other
The retail industry has seen some gains in recent months, but that doesn't mean retailers are in the clear yet. Photo Illustration: Trent Joaquin; Source: Getty Images

Before the pandemic, retail was already troubled, with an elevated default rate of about 7% at the end of December 2019 despite years of economic growth. But Covid-19 proved to be an extra hill many could not climb.

@RichCollings Richard Collings is a retail reporter at Adweek.