Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

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

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.

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…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands