Canadian women's apparel staple Reitmans is being forced to restructure, its options exhausted from the outbreak of COVID-19. Yet signs of their bankruptcy potential were revealed by our FRISK® score a year prior to their filing.
J. C. Penney Company, Inc., an American shopping mall icon, has lost in its fight to avoid bankruptcy. In this COVID-19 pandemic, struggling public retailers that have stayed alive by loading up on debt are running out of time.
Ultra Petroleum Corporation has filed for Chapter 11 protection for the second time in four years, torpedoed in large part by persistently weak natural gas prices.
With economies around the world on the brink of recession, or already in one, any professional monitoring financial risk needs to establish proper oversight now before commercial bankruptcies wreak greater havoc upon their portfolio.
CreditRiskMonitor reported that revenues for the 3 months ended Mar. 31, 2020 increased 6% to $3.71 million compared to $3.50 million in last year’s first quarter.
Retail Apocalypse Now: Houston-based Stage Stores, Inc. has filed for Chapter 11 bankruptcy protection, just one of several large U.S. retailers to do so thus far in the month of May.
While COVID-19 provided the final push to propel Neiman Marcus into a Chapter 11 filing, a long history of leveraging up gave our subscribers ample time to reduce exposure to this retail giant.
CreditRiskMonitor has announced the arrival of Richard Lippe to the Company's Board of Directors, while longtime independent Board member Jeffrey Geisenheimer resigned.
Even with government intervention, trade credit insurance is waning at the exact time when it is needed most. The longer the coronavirus persists, the more bankruptcies will ensue and the harder it will likely become to acquire trade insurance.
No Fly Zone? Triumph Group, Inc.'s fight to stave off bankruptcy will be a major item to watch for counterparties and shareholders alike in the coming months.