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Does Retail Have Enough Cash to Survive Store Shutdowns?

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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