[debt]

It makes sense in a way.

Retail is very similar to record companies or the movie industry. They've failed to innovate solely because they got lazy. They took for granted their position in the market.

A good position too. I mean, if you make believe the internet isn't a threat, which top business people most likely did, then I can easily see brick-and-mortar-rules-all mentality lulling top execs to sleep. Meanwhile, Amazon etc took over from a completely different angle, utilizing on-demand and internet tech.

An acquisition from traditional retailers may be appealing.