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Bankruptcy, Refinancing Risks Ahead for Neiman, Ascena, Others

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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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