“I want to see rating agencies improve their performance before they contribute to another meltdown.”
Wow, that was fast: In default is a $650 million portion of a $2 billion loan package, signed in 2018.
Rising first-payment defaults and 60-day delinquencies, which are “leading indicators,” caused the retailer to become “prudent.” Shares plunged 33%.
And a special word on apparel sales, as a sign of our times.
Asking rents for ground-floor retail space have plunged as landlords struggle with vacancies.
Department stores get crushed one by one.
Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.
“Dynamic Pricing” Online: Are Prices on Black Friday Actually Good Deals?
Like a centrally directed disinformation campaign. Here’s what happened.
Cash running low. Brick & mortar meltdown for landlords of Dressbarn, Ann Taylor, Loft, Lou & Grey, Lane Bryant, Cacique, Catherines, and Justice. Shares annihilated.