Retail Shakeout Leaves HSBC On Top in Early Part of 2006
June 9, 2006
The retail sector saw a new king emerge in the early part of the year, as restructuring and an industry shakeout took its toll on the sector. How bad has the ride for retailers been? An analysis by Inside B&C Lending found that the volume of loans generated via retail channels dropped by a precarious 37.4 percent, to $30.90 billion, on a year-to-year basis, during the first quarter of 2006. Meanwhile, wholesale lending volume jumped… [One data table included]