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So Far, 2016 Is A Boom Year For Retail Bankruptcies

PYMNTS

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 44
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Chapter 11 Watch: Retailers Head Back To School, Jewelry Loses Its Shine

PYMNTS

The dog days of summer are finally upon the retail world, and if department stores didn’t take the spring and early summer to make up for the slow sales of a warm winter, it might be too warm and muggy to do much about that now. While North American retailers don’t seem to have had the best week, what about the rest of the world?

Retail 40
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World’s Best Banks 2024—Asia-Pacific

Global Finance

China and Environs China’s banks faced a challenging 2023 due to feeble retail and mortgage loan demand, policy initiatives directing cut-rate lending to strategic sectors, and dwindling NIMs, which fell 22 basis points (bps) over the year, extending 2022’s decline. per share for a record annual AU$4.50

Banking 52
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Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky

PYMNTS

Retail’s constant chase for growth means that some or even most will never reach their goals. Normally, the week’s headlines are filled with merchants stuck in a death spiral of slow sales and lackluster supply chain management. Few are inevitably spared the fate in the long run.

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APAC capital markets during the COVID-19 crisis

Future CFO

Even if they will decide to provide moratorium or restructuring of their accounts – the question is the same for everyone – can their clients afford to service the payments, either for interest-only or manage the new amortizations? Liquidity is a major issue for the credit markets. It is the lifeblood of the industry.

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Chapter 11 Watch: Hastings Can’t Find A Date, Kmart Finds The Rumor Mill

PYMNTS

John Lennon and Paul McCartney sang that they got by with a little help from their friends, and when retailers are teetering on the brink of bankruptcy, the backing of a financially sound ally can mean the difference between restructuring and liquidation. Or so the story goes in this week’s Chapter 11 Watch. Bankruptcies.

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Chapter 11 Watch: Sports Authority Sends Shockwaves, Gap Pulls Back

PYMNTS

When a retailer goes under, it’s usually a problem for that company and its investors alone. You wouldn’t guess it from the gloomy picture that the retail headlines paint, but there were no major bankruptcies over the past week. A sudden influx of cheap products on the market has brought down retailers before.