Department stores top list of consumer companies most likely to default on debt

-related challenges are mounting for an already struggling group of retailers," the firm said in a note to clients Thursday morning.

S&P Global Market Intelligence's median, one-year probability of default represents the odds that a company will default on its debt within the next year, based on fluctuations in a company's share price and other risk factors. That jumped to higher than 40% for some industries earlier this month. That's compared with being under 10% at the end of February, according to the firm's analysis of publicly traded consumer companies in the U.S.

Just now—on the same morning it was reported that 6.6 million Americans lost their jobs—Chuck Schumer and the Dems BLOCKED additional funding for the Paycheck Protection Program. Let that sink in. Dems care more about playing petty partisan games than actually helping people.

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Calvin Klein owner: 'Retail companies are not built to have their stores closed'With stores closed, the retail industry is struggling with inventory piling up in warehouses and no place to sell it, PVH CEO Manny Chirico said. No shit ! I wonder what qualifications you need to be able to come up with comments of that calibre? Public Health overrides EVERYTHING ELSE!!
Source: CNBC - 🏆 12. / 72 Read more »