Fearing border tax, retailers boost lobbying 31 percent in a year

Along with a new administration in the White House comes a “retail lobbying frenzy” – especially in a remarkably tough year for the retail sector.

It’s been a remarkably tough year for the retail sector. So far, retailers set a record pace for bankruptcies and store closings. Household names are faring no better than small shops: J.C. Penney said it would shutter 138 locations in July; and Sears Holdings will turn off the lights at over 170 Kmart and Sears stores.

Credit ratings agency Moody’s added to an already-grim outlook when, earlier this month, its list of U.S. retailers at risk of bankruptcy rose to 22.

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By Kennett Werner

Source: Fearing border tax, retailers boost lobbying 31 percent in a year

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