Resources

Specialty retailer, The Container Store Group, Inc., filed for bankruptcy on December 22, 2024. The FRISK® Score had signaled the company’s financial distress for 12 consecutive months, providing early warning to subscribers. Yet the company’s Days Beyond Terms Index, a measure of historical trade payment performance, persistently indicated prompt payment behavior. The divergence between these indicators is known as the “Cloaking Effect”.

It's getting late for Tuesday Morning Corporation to get its act together financially. The off-price retailer is struggling to control debt, compounded by persistent losses in the aftermath of COVID-19 shutdowns.

Bankruptcy has come for Tuesday Morning Corporation, the once-popular off-price retailer that buckled after lenders put the kibosh on the company’s ability to borrow additional money to finance operations.

Out of order: banking and retail solutions provider Diebold Nixdorf, Inc. is experiencing a cash crunch due to elevated costs related to the COVID-19 pandemic and the Russia/Ukraine conflict. Can the company avoid bankruptcy?

Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.

No two public companies are cut from the exact same cloth, yet the telltale signs of potential bankruptcy shown by craft retailer JOANN Inc. are universal: lots of leverage, recurring net losses, and negative free cash flow.

Bed Bath and Beyond all hope of a turnaround? Declining net sales and growing operating and net losses have a mighty retailer on its heels. Bankruptcy could very well be nearing.

Online automotive retailer Carvana is rapidly burning through cash and sought out private equity financing as banks were unwilling to carry the risk. Before you extend credit, you may want to pump the brakes.

Major discount retailer, Big Lots, Inc. filed for bankruptcy on September 9, 2024. Importantly, both payment-based (DBT Index) and financial-only based models (Z’’-Score) failed to warn about this company’s bankruptcy risk. Conversely, the FRISK® Score provided warning for more than a year, enabling clients to mitigate their trade credit exposure.