Insight

Matt Katz Quoted in USA Today: “Bankruptcy cases, store closings pile up as coronavirus wreaks havoc for J.C. Penney, Hertz, others”

< BACK TO INSIGHTS

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.

 

Authors

Related Services

Recommended Insights

Insight

Automation and AI At Scale Require Operating Model Transformation

When “AI @ Scale” fails, it is rarely because the technology was wrong. Failure results when the operating

Learn More

Insight

Bank Earnings Season Opens with Strong Results—and Growing Skepticism

Pierre Buhler share perspectives on how geopolitical risk, stagflation concerns, and emerging credit pressures are shaping investor reactions

Learn More

Insight

Network Strategy – Did Your Assumptions Hold Up?

Supply Chain disruptions required network redesigns. Tariffs prompted nearshoring reviews. Labor cost shifts moved manufacturing footprints. Energy volatility

Learn More

Stay up-to-date with our latest news

This field is for validation purposes and should be left unchanged.
Name(Required)