Josh Chernoff interviewed by

In “Retail under Trump: More cash, different problems,” discusses impacts of the Tax Cuts and Jobs Act on retailers.

The article highlights that “for retailers already ahead, the boon of excess cash falling to their bottom line means an opportunity to further leapfrog ahead of their competition,” but notes that not all retailers will get a windfall from the bill. Leveraged, unprofitable companies will likely fare worst, as they will be constrained in how debt expenses and losses are used to lower their tax bills.

EY-Parthenon Managing Director Josh Chernoff weighed in: “It's an additional drag on your ability to right the ship, and it's possible it accelerates the number of bankruptcies.”

Read the full article.