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

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.

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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