Press Releases

The Health of Retailers – J.C. Penney, Nordstrom, American Apparel

August 14, 2015

Rapid Ratings CEO, James Gellert talks to BBN about the latest financial results from J.C. Penney and the challenges ahead for “high risk” American Apparel, which is scrambling to try to avoid defaulting on its credit line. Gellert says he’s feeling that bankruptcy is the more likely route.
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