Troubled Retailers Hunker Down for Holiday Stress Test
The coming holiday season is likely to test a number of midsize retailers that have seen sales slump as inventory piles up, a crux that could leave the most seriously stressed light on the cash needed to stay afloat.
Home-goods and furniture chains Bed Bath & Beyond Inc., Tuesday Morning Corp. and the privately owned At Home Group Inc. have secured additional capital to help them survive what could be a rocky holiday season. And apparel chain Rue21 Inc. said it completed a financing deal last week.
The coming holiday season is likely to test a number of midsize retailers that have seen sales slump as inventory piles up, a crux that could leave the most seriously stressed light on the cash needed to stay afloat.
Home-goods and furniture chains Bed Bath & Beyond Inc., Tuesday Morning Corp. and the privately owned At Home Group Inc. have secured additional capital to help them survive what could be a rocky holiday season. And apparel chain Rue21 Inc. said it completed a financing deal last week.
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