U.S. retailers are coming off one of the worst Christmas-shopping seasons in recent memory, and now they have to deal with Paul Ryan.
The Republican House Speaker is pushing a corporate tax overhaul that would make imports more expensive, according to the retail industry. If that comes to pass, it would drastically cut into the already-thin profit margins of chains like Best Buy Co. and Wal-Mart Stores Inc. that sell loads of foreign-made goods.
"That's all they need," said Ken Perkins, president of researcher Retail Metrics Inc. "Things are already difficult."
That's putting it mildly. Retailers are getting hammered on multiple fronts. States have...