WICHITA, Kan. (KWCH) – Eddie Bauer is closing over 200 stores, including two in Wichita, on Monday. A Wichita business expert spoke about what the continued struggles national retailers are facing means for the economy.
“A lot of this has to do with investment firms, hedge funds… Different things. They come in and buy these things out, and traditionally, they load them up with a bunch of debt, and so it gets really precarious for them when there’s down turns,” said Dr. Larry Straub, an Associate Professor of Management at Newman University. “If there’s something that goes against them in the economy, it can get tough in a hurry.”
Online shopping can impact the retail stores as well…