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Does Retail Have Enough Cash to Survive Store Shutdowns?

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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