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.