Nation’s biggest department stores could run out of funds in a month: Goldman Sachs

While experts debate how long the economy will be shut down, some major department stores and apparel retailers have as little as one month’s worth of funds to tough it out. Major department stores like Kohl’s, Nordstrom and Macy’s could run out of capital within a month, according to a liquidity “stress test” published Thursday by Goldman Sachs. Other retailers like PVH (the parent company of Calvin Klein and Tommy Hilfiger), Gap and Victoria’s Secret

source https://therealdeal.com/2020/04/03/nations-biggest-department-stores-could-run-out-of-funds-in-a-month-goldman-sachs/