Michael McGrail of Tiger Group explains how lenders can keep retail borrowers out of the danger zone by putting e-commerce under a microscope, getting granular about what is being sold, rethinking inventory aging and sticking to fundamentals.
Structurally flawed businesses that survived 2020 are in greater danger of imploding in 2021, which could put further pressure on stakeholders in commercial real estate, Doug Greenspan, a managing director at A&G Real Estate Partners, said at a TMA conference.
Ben Nortman and Ian Fredericks of ReStore Capital examine the financial burden that consumer-mandated transformation and the current crisis are imposing on both retailers and their suppliers. They further explain how innovative financial solutions can be leveraged to help ensure successful outcomes in stressed and distressed environments.
Hilco Global issued a series of strategic recommendations to assist lenders with current portfolio exposure in the retail market to take action during the near-term fallout of the current COVID-19 pandemic.
An AlixPartners report reveals 87% of Americans say they will spend as much or more this season, with over a third (36%) saying it’ll be more. However, 48% say they’re willing to switch brands if tariffs on the products they purchase increase prices more than 10%.
Reuters reported that creditors, landlords and vendors are supporting retailers’ efforts to stay in business following bankruptcy.
Bloomberg reported that as many as 13,000 retail stores are expected to close in 2017 compared with 4,000 in 2016, The closures have a negative impact on the malls that house the stores.
According to a survey conducted by Capital Business Credit, retailers are not entirely confident consumers will open their wallets this holiday season.
Bloomberg reported that retailers and restaurants are now blaming the U.S. Presidential election for sagging sales instead of the weather.