RapidRatings

In the time since our 2022 blog post, Commercial Bankruptcies May Come Back With a Vengeance in 2023, our prediction has become a stark reality.

Retailers face a perfect storm due to the rising cost of capital, trouble in the banking sector, slowing residential real estate market, record levels of household debt and persistent inflation that is already turning the tide on consumer demand.

Your suppliers’ ability to deliver on-time, on specification, and per the terms of contracts will be put to the test.

‘Change’ is not an unfamiliar word in the fashion industry. But in recent years, it’s been a loaded one—as stores began to shift from brick and mortar to eCommerce. Inherent in this major trend was (and is) a complete reshaping of legacy companies’ operating models, operating efficiencies, inventory management, human capital, and much more. In the pandemic era, the new model (and all its conveniences to boards and customers alike) has taken on an outsized weight.