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Matt Katz Quoted in USA Today: “Bankruptcy cases, store closings pile up as coronavirus wreaks havoc for J.C. Penney, Hertz, others”
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Insight
Matt Katz Quoted in USA Today: “Bankruptcy cases, store closings pile up as coronavirus wreaks havoc for J.C. Penney, Hertz, others”
Matt Katz, Managing Partner and Head of Retail & Consumer Packaged Goods recently spoke with USA Today about the long list of companies filing for bankruptcy. Matt explained how in addition to market forces surrounding the pandemic, a failure to embrace digital has contributed to many of the bankruptcy cases stating, “If you were a retailer with a heavy debt load, a questionable brand position and you weren’t sprinting to digital … you were probably on your way.”
Read the full article here.
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