Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
Publishing timestamp: 2024-04-04 10:39:40
Summary
Creditsafe data shows that Peloton, Saks, Express, and Bath & Body Works have been consistently failing to pay their vendors on time, which could be a sign of financial distress. Companies like Bed Bath & Beyond, RadioShack, and Toys R Us have faced similar issues before declaring bankruptcy. While late payments don't always indicate financial troubles, they can be a cause for concern when combined with other factors like falling sales or rising debts. Peloton, in particular, has been struggling with cash flow issues and a decline in demand for its exercise equipment. Express and Bath & Body Works have also faced challenges with their payment patterns, with Creditsafe classifying them as being at high risk of failure.
Sentiment: NEGATIVE
Keywords: peloton interactive inc, bath & body works inc, breaking news: business, express inc, retail industry, corporate bonds, barry mccarthy, business, business news,
Source: https://www.cnbc.com/2024/04/04/retailers-like-peloton-saks-express-are-late-on-vendor-bills.html