Why is the retail industry facing a wave of bankruptcy

Revlon make-up merchandise are displayed at CVS Retailer on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Photos The retail business is going through a possible wave of bankruptcies after a months-long slowdown in restructuring exercise. There might be a rise in struggling retailers beginning later this 12 months, consultants say, as inflated … Read more

Revlon Chapter 11 Bankruptcy Protection Files

cosmetics large Revlon The corporate filed for Chapter 11 chapter safety Wednesday night time because it grappled with a burden of burdened debt and a troubled provide chain. The corporate stated it expects to obtain $575 million in debtor financing from its current lending base, which can assist assist its day-to-day operations. Debra Perlman, President … Read more

Consumers are changing their eating and shopping habits as inflation raises prices

A person outlets for meat at a Safeway grocery retailer in Annapolis, Maryland, on Could 16, 2022, as Individuals put together for the shock of summer time posters as inflation continues to develop. Jim Watson | AFP | Getty Photographs The very best inflation fee in almost 40 years has prompted individuals to vary their … Read more