Fitch Ratings


Fitch Lowers JCPenney’s Rating Further into Junk Status

JCPenney's logo turns red again

New York—Fitch Ratings, the ratings agency, this week lowered JCPenney’s credit rating into junk status on fear the struggling … [Read more...]

Macy’s, Inc. Offers $400 Million in Notes to Raise Capital

Macy's Inc.

Cincinnati—In a move that would increase capital and reduce debt, Macy's, Inc. announced Tuesday a $400 million public offering of … [Read more...]

Sandy Dampens November Comp Store Sales Reports

Saks Fifth Avenue's flagship Fifth Avenue store boarded up and closed as Hurricane Sandy crashed into the New York metro area on Oct. 29.

New York—Thankfully, many U.S. retailers reported today that their holiday shopping seasons, particularly since Thanksgiving, are … [Read more...]

Brendan Hoffman to Helm Bon-Ton Stores

Brendan Hoffman becomes president/ceo at Bon-Ton Stores on Feb. 7

York, PA—The Bon-Ton Stores, Inc. announced today that Brendan L. Hoffman, former president and ceo at Lord & Taylor, will … [Read more...]

Sears Appoints New Merchandise Chief for its Sears, Kmart Stores

Sears Holdings

Hoffman Estates,IL—Sears Holdings announced today that Ron Boire will become executive vice president, chief merchandising officer … [Read more...]

Fitch: U.S. Retail Faces Gross Margin Pressure

fitch

New York—In its second quarter report on U.S. retail released today, Fitch Ratings predicted that retailers would face increasing … [Read more...]