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Being one of the first major retailers derailed by COVID-19? Hardly fashionable. How did it all go wrong for J.Crew?
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.
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.
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.
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.
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?
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.