Insight

Matt Katz Quoted in Market Watch “Retail bankruptcies in 2020 hit the highest levels in more than a decade, and experts say there are more to come”

< BACK TO INSIGHTS

Insight

Matt Katz Quoted in Market Watch “Retail bankruptcies in 2020 hit the highest levels in more than a decade, and experts say there are more to come”

Matt Katz, Managing Partner and Head of Retail & Consumer Packaged Goods spoke with Market Watch about the record number of retail bankruptcies this year. Matt noted the severity of the filings we have seen this year stating, “Retail is a business of seasonality, depending on categories and time of year, you see growth or margin deterioration, bankruptcy doesn’t have a season.”

He goes on to explain what will need to happen from a consumer’s perspective in order for the industry to recover, “People are going to have to replenish savings and nest eggs. They’ll probably owe money to landlords and other obligations. There’s some catch-up they’re going to have to do to put their finances back in place. That’ll take some time.”

Read the full article here.

Authors

Related Services

Recommended Insights

Insight

10 Tough Cybersecurity Questions Every CISO Must Answer

Nick Kramer sheds light on cybersecurity questions every CISO must answer in this CSO article. He says CISOs

Learn More

Insight

How Bob’s, Ikea are bucking the trend of furniture retail stagnation

Matt Katz details how leading furniture retailers are thinking about industry stagnation in this Retail Dive article. Home

Learn More

Insight

‘Flow’ Insurance Platforms Drive Growth

Brian Nordyke and John Rodgers demonstrate how ‘flow’ platforms drive growth in commercial lines in this Insurance Thought

Learn More

Stay up-to-date with our latest news

Name(Required)