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Cramer explains how Sports Authority’s bankruptcy cast a shadow on athletic retail

“In short, the Sports Authority bankruptcy brought lasting damage to the brick-and-mortar vein of sporting goods retail, the “Mad Money” host said” writes Elizabeth Gurdus for cnbc.com. Since Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness.Cramer argued that Sports Authority’s demise, which began with a leveraged buyout and ended with a botched restructuring program and crushing debt, cast a visible shadow on the sports retail industry.”In retrospect, the bankruptcy of Sports Authority was a watershed moment for…

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TEPCO gets 1st approval to run reactors since 2011 meltdowns

“The Japanese utility blamed for safety lapses in the Fukushima nuclear plant meltdowns has received its first approvals to operate reactors under stricter safety standards set since the 2011 disaster” reports foxbusiness.com. Abe’s government aims to increase nuclear energy to 20 percent of Japan’s energy mix by about 2030. Source: foxbusiness.com Share This:

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