VF Downgraded by S&P

VF Corp has been downgraded by S&P after posting negative sales growth for the second quarter in a row. Vans is leading sales decline for VF, but the pressure to offload other underperforming brands is mounting, and activist investors are pushing for not just “non-core divestitures”, but also aggressive cost-cutting.

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Retail Alex Garcia Retail Alex Garcia

Retailers risking bankruptcy in 2023

Supply chain disruptions, interest rate hikes, high inflation, political uncertainty, and the war in Ukraine have transformed consumers’ preferences and purchasing behavior, putting retailers already under strain at risk of bankruptcy.

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