US, UK Retail Sector Credit Quality Worsens Yet Again: October 2020
To download the October 2020 Retail Aggregate PDF, click here. Retail sales may be rising, even if the pace in August was lower than anticipated, but retailers themselves continue to struggle. The number of store closings in the US has remained higher than openings most weeks, bankruptcies are at a notable high and there’s potential […]
Credit Quality Continues to Fall for US, UK Auto Sectors: September 2020
To download the September 2020 Auto Aggregate PDF, click here. Much like the beleaguered US energy sector, the US auto industry continues to see credit quality deteriorate. On top of reduced demand and general economic concerns, there are staffing issues that could prevent factories from meeting the demand that is still in the marketplace. The […]
US, UK Retail Sector Default Risk Continues to Climb: September 2020
To download the September 2020 Retail Aggregate PDF, click here. Except for a few lonesome doves, general retailers in the US continue to struggle. Sales have returned to pre-pandemic levels, but the composition is different and recent sales recoveries were lower than anticipated. Consumer spending increases have been moderate. Something similar can be said for […]
Default Risk for US, UK Retail Sectors Continues to Rise: August 2020
To download the August 2020 Retail Aggregate PDF, click here. Retail woes show no sign of stopping, particularly for the US. Joining chains like JC Penny, Brooks Brothers, and Sure La Table in bankruptcy are The Paper Store, Lord & Taylor, and Tailored Brands. Even with positive signs, like the second monthly increase in retail […]
Default Risk Mounts for US, UK Retail Sectors: July 2020
To download the July 2020 Retail Aggregate PDF, click here. The blows to the US retail sector continue. Well-known names declaring bankruptcy include Neiman Marcus, JC Penny, J. Crew, Tuesday Morning and GNC. More recently, Lucky Brand, Brooks Brothers, and Sure La Table have joined the list. One analysis is even suggesting the recent COVID-19-induced […]
Default Risk for US, UK Retailers Accelerates
To download the June 2020 Retail Aggregate PDF, click here. This year has not been kind to the beleaguered US retail sector. Several major chains, including Neiman Marcus, JC Penney, and J Crew have declared bankruptcy, joining a host of smaller retailers that have succumbed to the pandemic-driven pause in brick-and-mortar retail shopping. More are […]
Credit Risk Surges for US, UK Retailers
To download the May 2020 Retail Aggregate PDF, click here. Default Risk for US Retailers Up 6% in Last Month US General Retail Firms Credit quality for US general retail firms has plummeted 6% over the last month and 12.3% across the past year. The average probability of default for the sector is now 52.2 […]
Credit Risk Continues to Rise for US, UK Retailers
As COVID-19 retail shutdowns persist, a recent study has shown that more than half of the UK’s major non-food retailers will run out of cash by the summer if conditions don’t change. Sales have dropped by as much as 70% and warehouses are filling up with unsold stock. In the US, a reported 630,000 outlets […]
US Retail Credit Risk Ranking
During this volatile and challenging time, credit risk data is more important than ever. Credit Benchmark is closely monitoring the markets in response to COVID-19 in order to deliver timely information on rapidly changing credit trends. Credit Benchmark works in partnership with 40+ of the world’s leading financial institutions to bring together their internal credit […]
Retail Credit Risk is Rising for US and UK Companies
General Retailers are struggling to get a break, with the long-standing challenge of getting consumers through the door now exacerbated by COVID-19 related worries. If the virus continues to spread, shoppers will be more likely to avoid busy high streets and stores and businesses will in turn suffer. This is not to mention the impact […]
