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Macy’s Credit Rating Cut to ‘Junk’ on Turnaround Doubts

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

Credit ratings firm S&P Global Ratings has cut Macy’s Inc.’s credit rating to “junk,” citing execution risks as the retailer tries to reverse its fortunes in the challenging department-store sector. The long- and short-term term issuer credit rating was lowered to “BB+” and “B” from “BBB-” and “A-3,” respectively, while the retailer’s senior unsecured debt…

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