This report examined how private equity’s controlling investments in major retail companies has impacted the retail sector and retail jobs. Our analysis found that over a 10 year period, approximately 597,000 people working at retail companies owned by private equity firms and hedge funds lost their jobs. An estimated additional 728,000 indirect jobs were also lost at suppliers and local businesses, meaning Wall Street’s gamble on retail has led to more than 1.3 million job losses in total.

For the full report, see here.