J. C. Penney Company, Inc., an American shopping mall icon, has lost in its fight to avoid bankruptcy. In this COVID-19 pandemic, struggling public retailers that have stayed alive by loading up on debt are running out of time.
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Baby bankruptcy boom: American retailer Destination Maternity Corporation has met Chapter 11. Our suspicions about their heightened financial risk, however, were born more than a year before their filing.
Iconic American department store operator Sears Holdings Corporation has filed for Chapter 11 bankruptcy protection, becoming easily the highest-profile casualty of the "Retail Apocalypse" to date.
South African retailer Steinhoff is battling the fallout from a massive accounting fraud and facing legal claims amounting to more than $10 billion USD. Couple that with the overall industry deline due to coronavirus and bankruptcy could be very near.
American retailer Pier 1 Imports, Inc. struggled to stay solvent, leading to filing for Chapter 11 bankruptcy protection. As the chain plans to close nearly half its stores, we focus on how things deteriorated to this point and how our subscribers were notified early.
Department stores have been underperforming, with retailer J. C. Penney among the hardest hit by internet competition. This High Risk Report addresses the retailer's FRISK® score of "1", which signals an elevated degree of corporate financial distress.
Debenhams Plc's pre-pack administration takes us across the pond to the United Kingdom, where the popular British retailer collapsed in a rapid fashion.
Webinar: The Impact of Private Equity and Hedge Funds on Trade Creditors’ Rights
CreditRiskMontior joined with law firm Lowenstein Sandler LLP to discuss the impact that private equity and hedge funds have on trade creditors’ rights, particularly in the retail sector. Join us for a webinar on the impact that private equity and hedge funds have on trade creditors’ rights, particularly in the retail sector.
Checked out: A heavy debt load and recurring net losses were major factors in Rite Aid Corporation's prolonged descent into bankruptcy.