A slew of national retailers are heading into 2020 on thin ice.
The company is stuck in an uncomfortable netherworld: not big enough to present a big threat to drugstore rivals Walgreens and CVS but not agile or rich enough to reinvent itself.
A few bad breaks haven't helped: A merger deal with grocery chain Albertsons collapsed in 2018, leaving the company's path to reinvention unclear. Moody's ranked the company as Caa3 as of Dec. 5, which means it has a"very high credit risk" and was close to a downgrade to Ca, which is"very near" or"likely in" default.Like other apparel retailers with a heavy commitment to shopping malls, J.Crew is grappling with declining foot traffic. The long-distressed retailer announced on Dec. 2 that it had agreed to terms to separate its J.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The 16 Best Destinations For Cheap Flights In 2020The experts at Scott's Cheap Flights dug into upcoming airline partnerships, historical travel trends and route info to predict the cheapest flights for 2020. Which of these 16 places would you travel to?
Consulte Mais informação »
10 cars that could make great investments in 2020The collector car experts at Hagerty have put together a list of fun, affordable cars that they think are great to buy now as investments.
Consulte Mais informação »