Lenders continue to decrease their exposure to the retail sector, with 37% reporting they pulled away from offering credit to retailers in the past six months, according to a quarterly survey released last week.

Thirty-seven percent also reported they plan to decrease exposure to retail in the next six months. Retailing has led the list of unpopular industries for lenders for seven consecutive quarters, according to the survey by Phoenix Management Services, a Philadelphia turnaround management firm.

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