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Tag: default

US department stores most likely to default, S&P says

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC America’s department store chains have seen their odds of defaulting escalate more than any other consumer-facing companies over the past month, according to a new analysis by S&P Global Market Intelligence. “Coronavirus-related challenges are mounting for an already struggling group of retailers,” …

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