How pent-up demand impacted retail bankruptcies and distressed debt – Sourcing Journal

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How pent-up demand impacted retail bankruptcies and distressed debt – Sourcing Journal






































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Retail is finally taking a break from the turmoil of 2020. After pulling $ 13.86 billion from credit lines last year in the wake of the initial Covid-19 outbreak and ending 2020 with more than 45 bankruptcies, the retail and fashion industry finally gets a well-deserved reprieve in 2021. Armed with federal stimulus checks, consumers in recent months have…

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