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Does Retail Have Enough Cash to Survive Store Shutdowns?

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.

Higher debt loads are hurting the department-store sector, even with the cash they’ve tapped from credit lines to build up their financial reserves. Credit lines in the last few weeks were accessed to raise cash in the wake of temporary store shutdowns to curtail the spread of the coronavirus, or COVID-19, outbreak. Macy’s Inc. accessed…

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