Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021. Denis Poroy | Getty Images Sport | Getty Images The San Diego Padres have a new home base on TV. Major League Baseball will broadcast and produce the team’s local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team. Diamond...

Members Only This is the kind of news coverage and analysis you can access exclusively as a WSJ Pro Member.

Members Only This is the kind of news coverage and analysis you can access exclusively as a WSJ Pro Member.

The retail industry’s woes are often blamed on e-commerce and an excessive number of brick-and-mortar stores. Here’s another potential culprit: private-equity investors. Some of these investors took over retailers including Payless ShoeSource Inc., Gymboree Corp., rue21 Inc., and True Religion Apparel Inc. during the last decade. The deals not only loaded debt onto the companies, but, in some instances after the initial takeover, the owners had the companies borrow more money to pay...

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