Nice little snippet from this linked article:
https://www.cnbc.com/2018/02/02/as-retailers-herald-tax-savings-still-closing-stores-axing-staff.html
"Third, the new tax law actually puts more pressure on leveraged retailers (of which there are many). The ability for names like Saks-owner Hudson's Bay and Neiman Marcus to use debt to offset tax bills will be constrained, complicating efforts to right the ship."