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Bankruptcy, Refinancing Risks Ahead for Neiman, Ascena, Others

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The shutdown in brick-and-mortar is setting retailers up for some challenging times—particularly those with high levels of distressed debt. Even if e-commerce can bring in some sales during this pandemic prompted quiet period, it won’t make up for the shortfall from brick-and-mortar, which will prove a direct hit to retailers’ cash flow. A report from…

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