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Macy’s, American Eagle Eye $5.4B Raise as COVID-19 Costs Pile Up

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

In the wake of the coronavirus outbreak that has left stores shuttered to stop its spread, retailers have drawn down billions on their credit lines, and now some are moving on to raise debt in an effort to repay their hefty borrowings. Macy’s is looking to raise up to $5 billion, while teen retailer American Eagle…

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