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Moody’s Warns of Default Spike, Mounting Maturities for Retail and Apparel

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

While apparel retail executives are pinning their hopes on the strong economy, the benefits related to tax reform and the willingness to spend that consumers demonstrated during the holidays, Moody’s says not so fast. Though the credit ratings agency agrees that retail is “absolutely” improving, the firm also said the recovery will be uneven. “While…

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