For retailers, facing an apocalypse isn't anything new. What's new is the fact that everyone else is too. With everyone in duress, those with the ability to pull the trigger that could put a retailer into bankruptcy have become more gun shy.
and U.S. Airlines filed for bankruptcy in the wake of Sept. 11, they were able to shed onerous debt, restructure labor contracts and reduce capacity. They did, in fact, emerge stronger companies than they were prior to bankruptcy.
"Filing for bankruptcy doesn't create a sudden cure for the virus, it doesn't create a cure to open stores — so why incur the expenses of Chapter 11 when you're not going be able to do anything while business is closed?" said Michael Sirota, co-chair of the bankruptcy and corporate restructuring department at Cole SchotzLuxury retailer Barney'safter its landlord raised the rent that wiped away its earnings.
"There is disruption in the real estate market and a lot of unknown in retail: is the mall going to be there or not? Will I have cash or not?" said Christa Hart, senior managing director at FTI Consulting.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Beauty Retail Teams Are Becoming Virtual ConsultantsCoronavirus-induced store closures have brands, including Deciem and Kiehl’s, bringing one-on-one digital consultations to shoppers.
続きを読む »
The Owner of a Beloved SF Boutique on the Realities Fashion Retail Is Facing Right NowIf you think fashion is frivolous in the time of coronavirus, you probably don't depend on it for a living. My friend, the founder of San Francisco's Hero
続きを読む »
COVID-19 brings massive change to retail: Stores require fewer customers, kids, hours; more face masksAs the nation grapples with the growing coronavirus crisis, retailers including Walmart, Target and Costco are limiting how many shoppers can enter stores to encourage social distancing.
続きを読む »
'The $2 is insulting': Retail workers fight for more pay amid coronavirus crisisSafeway boosted wages by $2/hour. CVS provided bonuses of $150 to $500. Many retail chains have offered bonuses or temporary raises to employees working through the pandemic. But it’s not necessarily enough to stave off very real safety concerns.
続きを読む »
Arcadia Retail Billionaire Sir Philip Green Takes U.K. Government Money To Pay 14,000 Staff During Coronavirus ShutdownThe Arcadia retail group at the heart of billionaire Sir Philip Green’s fortune has accepted U. K. “government support” to pay its entire shop staff during the coronavirus pandemic.
続きを読む »
Macy's is the first of what could be a retail and energy purge from the S&P 500Macy’s will be dropped from the S&P 500 on Friday to be replaced by Carrier Global. It will likely not be the last company to suffer such humiliation amid coronavirus-related shutdowns.
続きを読む »