Even before the COVID-19 pandemic rattled the retail industry, the sector was on the ropes for a variety of reasons — mostly having to do with how and where shoppers shop.
For secured lenders of bankrupt businesses, there’s a good chance they’ll get some, if not all, of their money back as the company reorganizes. For unsecured debt such as money owed to a supplier, it’s a different story. If the vendor is big enough, it’s possible for the parties to negotiate an agreement and new terms — especially if that brand or retailer depends on that vendor to drive sales.
John Doyle, managing director of Deloitte Financial Advisory Services LLP, told WWD that with “all of the uncertainty in the market, vendors and providers need to manage service and relationships while placing a notable focus on their financial health and debt levels.” “In the wake of the numerous retail bankruptcies being announced, the credit markets are undergoing dramatic changes and many of them have had to significantly restrict their coverage, causing a void in this specialized market,” Michael Stanley, managing director at Rosenthal & Rosenthal told WWD. “This tightening of the credit market has triggered a resurgence of factoring requests.
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La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
With retail earnings on deck, traders place bets on expected winnersIt is retail's time in the spotlight. Walmart, Home Depot, Kohl's and Target are among the names reporting earnings this week. TradingNation Don’t be a trader. Be an investor. Invest for the long term based on quality fundamentals TradingNation Given that the retail sector is pretty stable and economy is recovering, wouldn't we expect most of these stocks to go up? ⬆️ On the other hand, why has Kohl's stock struggled to grow for the past few years?
La source: CNBC - 🏆 12. / 72 Lire la suite »
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La source: Reuters - 🏆 2. / 97 Lire la suite »
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. 1,150 Americans died of Covid-19 yesterday. wow i guess all you have to do is have 170,000 people die and close most businesses and the dow will soar ?
La source: Reuters - 🏆 2. / 97 Lire la suite »