Will The Demise Folks Retail Be The Next Huge Quick?

“There’s a big shakeout in how people consume goods,” says another big hedge fund manager.
Some investors think they have now found the next “big short” in the retail industry.
“The department store industry I think is largely in a death spiral,” Bill Ackman, the Pershing Square hedge fund manager, said at a conference in May.
David Tawil, president of Maglan Capital, says: “Although it is a good short, I don’t think that, at this point, it is the short, nor is it a big short.
“We think the magnitude of this short could be bigger than subprime,” says Stephen Ketchum, the head of Sound Point Capital, a hedge fund that manages more than $13bn in assets.

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