Closed stores, big debt and tight credit paint a gloomy picture for retailers
April 9, 2020
Shuttered stores, large debt loads and a tight credit market add up to trouble for a number of large retail chain operators. This perfectly bad storm of circumstances is likely to lead more retailers to file for bankruptcy. “Companies we weren’t that concerned about a month ago, we are now concerned about,” said Mickey Chadha, a senior analyst with Moody’s Investors Service.
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