- The A.V. Club
- The Takeout
- The Inventory

Retail bankruptcies from Covid-19 may just be beginning

On April 13, California-based denim maker True Religion filed for bankruptcy, citing the strain on its finances from the ongoing pandemic.
JCPenney today skipped a $12 million loan payment and has been reportedly considering bankruptcy, as has Neiman Marcus . At Macy’s, no debt restructuring is imminent, sources told Reuters , but the company has hired advisors as it explores ways to manage that debt.
With large numbers of stores closed and shoppers prioritizing necessities, sales at many US retailers selling non-essential goods have plummeted. The situation is putting tremendous pressure on fashion companies, including many that were already suffering before the outbreak, increasing the risk of bankruptcies.
According to new data from the US Census Bureau, total US retail sales were down 6.2% (pdf) in March compared to last year. But the picture was even bleaker for certain types of businesses. Department stores saw their sales drop 24%, and sales for clothing and accessory retailers plunged 51%.
While sales dry up, most companies still have big bills to pay, such as commercial rents. Many have responded with cost-cutting measures, such as furloughing staff and reducing any expenses they can, including holding off on rent payments . Large fashion companies also tend to have revolving lines of credit they can pull from and pay off as they go. They normally use them to finance expenditures such as a build-up of inventory ahead of the holiday season, but a number are turning to them now to help with the economic slowdown.
Still, how companies will ultimately fare likely depends on a mix of how much cash they have available and when their biggest loans mature, meaning full payment is due.
“You have a wide spectrum of apparel retailers that have very solid liquidity positions, assuming that stores open up in the next couple of months,” said David Silverman, senior director at credit ratings agency Fitch. “Even if they have debt, that debt is manageable or maturities are far away. Levi’s is an example of that. On the other hand, you have some—I’ll use the word ‘unlucky’—companies, which might have reasonable liquidity in the near term, but might have upcoming maturities that could make things difficult in terms of refinancing. Land’s End is an example of that.”
Land’s End’s nearest loan comes due next April, according to a March report by Fitch. J.Crew also has a large loan maturing next year, and its plan to raise money through an IPO of its Madewell brand now seems to be on hold . Neiman Marcus has a sizable loan to finish repaying this year. Even before the full amounts are due, companies have to make interest payments. So far, lenders don’t seem to be letting them off the hook.
Meanwhile, companies with limited lines of credit, including many small- and medium-sized businesses, could have trouble paying their current expenses, Silverman said.
The $2 trillion coronavirus aid package the US congress recently passed does include emergency grants and a loan program for small businesses. But it’s already backlogged and getting low on funds .
For large corporations, it provides tax credits and federal loans. But the loans need to be paid back, which makes distressed retailers risky borrowers, and little of the money is likely to go to them.
The longer the crisis carries on, the greater chance more retailers will falter. As of now, Fitch expects discretionary retail to be down well into 2021 .
This story has been updated with detail on JCPenney skipping a loan payment.
📬 Sign up for the Daily Brief
Our free, fast, and fun briefing on the global economy, delivered every weekday morning.

Advertisement
Inspirational Christmas Stories
- Share Content on Twitter
- Share Content on Facebook
- Share Content on LinkedIn
- Share Content on Flipboard
- Share Content on Reddit
- Share Content via Email
'A Slice of Life'
Jean heaved another world-weary sigh. Tucking a strand of shiny black hair behind her ear, she frowned at the teetering tower of Christmas cards waiting to be signed. What was the point? How could she sign only one name? A "couple" required two people, and she was just one.
The legal separation from Don had left her feeling vacant and incomplete. Maybe she would skip the cards this year. And the holiday decorating. Truthfully, even a tree felt like more than she could manage. She had canceled out of the caroling party and the church nativity pageant. Christmas was to be shared, and she had no one to share it with.
The doorbell's insistent ring startled her. Padding to the door in her thick socks, Jean cracked it open against the frigid December night. She peered into the empty darkness of the porch. Instead of a friendly face -- something she could use about now -- she found only a jaunty green gift bag perched on the railing. From whom? she wondered. And why?
Under the bright kitchen light, she pulled out handfuls of shredded gold tinsel, feeling for a gift. Instead, her fingers plucked an envelope from the bottom. Tucked inside was a typed letter. It was a...story?
The little boy was new to the Denmark orphanage, and Christmas was drawing near, Jean read. Already caught up in the tale, she settled into a kitchen chair.
From the other children, he heard tales of a wondrous tree that would appear in the hall on Christmas Eve and of the scores of candles that would light its branches. He heard stories of the mysterious benefactor who made it possible each year.
The little boy's eyes opened wide at the mere thought of all that splendor. The only Christmas tree he had ever seen was through the fogged windows of other people's homes. There was even more, the children insisted. More? Oh, yes! Instead of the orphanage's regular fare of gruel, they would be served fragrant stew and crusty, hot bread that special night.
Last, and best of all, the little boy learned, each of them would receive a holiday treat. He would join the line of children to get his very own....
Jean turned the page. Instead of a continuation, she was startled to read: "Everyone needs to celebrate Christmas, wouldn't you agree? Watch for Part II." She refolded the paper while a faint smile teased the corner of her mouth.
The next day was so busy that Jean forgot all about the story. That evening, she rushed home from work. If she hurried, she'd probably have enough time to decorate the mantle. She pulled out the box of garland, only to drop it when the doorbell rang. Opening the door, she found herself looking at a red gift bag. She reached for it eagerly and pulled out the piece of paper.
...to get his very own orange, Jean read. An orange? That's a treat? she thought incredulously.
An orange! Of his very own? Yes, the others assured him. There would be one apiece. The boy closed his eyes against the wonder of it all. A tree. Candles. A filling meal. And an orange of his very own.
He knew the smell, tangy sweet, but only the smell. He had sniffed oranges at the merchant's stall in the marketplace. Once he had even dared to rub a single finger over the brilliant, pocked skin. He fancied for days that his hand still smelled of orange. But to taste one, to eat one? Heaven.
The story ended abruptly, but Jean didn't mind. She knew more would follow.
The next evening, Jean waited anxiously for the sound of the doorbell. She wasn't disappointed. This time, though, the embossed gold bag was heavier than the others had been. She tore into the envelope resting on top of the tissue paper.
Christmas Eve was all the children had been promised. The piney scent of fir competed with the aroma of lamb stew and homey yeast bread. Scores of candles diffused the room with golden halos. The boy watched in amazement as each child in turn eagerly claimed an orange and politely said "thank you."
The line moved quickly, and he found himself in front of the towering tree and the equally imposing headmaster.
"Too bad, young man, too bad. But the count was in before you arrived. It seems there are no more oranges. Next year. Yes, next year you will receive an orange."
Brokenhearted, the orphan raced up the stairs empty-handed to bury both his face and his tears beneath his pillow.
Wait! This wasn't how she wanted the story to go. Jean felt the boy's pain, his aloneness.
The boy felt a gentle tap on his back. He tried to still his sobs. The tap became more insistent until, at last, he pulled his head from under the pillow.
He smelled it before he saw it. A cloth napkin rested on the mattress. Tucked inside was a peeled orange, tangy sweet. It was made of segments saved from the others. A slice donated from each child. Together they added up to make one whole, complete fruit.
An orange of his very own.
Jean swiped at the tears trickling down her cheeks. From the bottom of the gift bag she pulled out an orange -- a foil-covered chocolate orange--already separated into segments. And for the first time in weeks, she smiled. Really smiled.
She set about making copies of the story, wrapping individual slices of the chocolate orange. There was Mrs. Potter across the street, spending her first Christmas alone in 58 years. There was Melanie down the block, facing her second round of radiation. Her running partner, Jan, single-parenting a difficult teen. Lonely Mr. Bradford losing his eyesight, and Sue, sole care-giver to an aging mother....
A piece from her might help make one whole. -- By Carol McAdoo Rehme
Go to the next page to read "Owed to Joy," a story about how a father and daughter celebrate Christmas together one year.
Please copy/paste the following text to properly cite this HowStuffWorks.com article:
FREE GROUND SHIPPING on Orders $150+ (Before Tax)
Your shopping bag is empty.
- Accessories
- True Baddie
- Billie Ricky Red Collection
- Jeff Hamilton X TR
- Western Capsule
- 21st Birthday Collection
- Super Q Stitch
- The Icons Shop
- Graphic Tees
- Fall Layers
- Shorts Shop
- The Cargo Shop
- His & Her Active
- Online Exclusives
- eGift Cards

- Womens Denim
- Skinny Shop
- Originals By True
- Big T & Super T Stitch
- Light Wash Denim
- Dark Wash Denim
- Mens Denim Fit Guide
- Womens Denim Fit Guide
- Shop All Mens
- Best Sellers
- Back In Stock
- Hoodies & Sweatshirts
- Tees & Tanks
- Shirts & Knits
- Active Sets
- Jackets & Outerwear
- New In Class
- Ricky | Straight
- Geno | Slim
- Rocco | Skinny
- Billy | Bootcut
- Matt | Ultra Skinny
- Bobby | Baggy
- New Graphic Tees
- Ricky Red Collection
- Men's Cargo Shop
- Big T Capsule
- Summer Essentials
- Buddha Icon Shop
- Baggy & Relaxed
- Shop All Womens
- Originals by True
- Sweatshirts & Sweaters
- Active Bottoms
- Shirts, Knits & Tops
- Dresses, Skirts & Jumpsuits
- Jennie | Curvy Skinny
- Halle | Super Skinny
- Stella | Skinny
- Billie | Straight
- Bobbi & Jessie | Baggy
- Ricki | Relaxed
- Becca | Bootcut
- Joey | Flare
- Leila | Wide Leg
- Sarah | Straight
- Wide Leg & Flare Jeans
- Bling & Shine
- Seamless Activewear
- Retro Collection
- Baby Tees & Tops
- Bags & Wallets

- Matching Family Fits
- Tees Tanks & Tops
- Dresses & Skirts
- Upcoming Drops
- Become a True Creator
- Elijah Popo
- As Seen At: Complexcon
- Stitch Remixed
- Finessa x TR
- Blank Canvas: Pride
- Been That Stitch
- Day In The Life: Kayla & Justus
- TR x 2 Chainz
- Go Figure: Dianne Garcia
- Sundae School
- go figure: dianne garcia
- Street Drop New York
- Juneteenth X TR
- TR x Chief Keef
- TR Creators
- TR x Blu Boy
- TR x Elijah Popo
- Tru Foundation
- Black History Month
- Go Big Or Go Home
- dreezy event

- True Fam Loyalty
- Find a Store
here to help
- Shipping & Returns
- Size Charts
Your browser's Javascript functionality is turned off. Please turn it on so that you can experience the full capabilities of this site.
Please confirm you are human
- Скидки дня
- Справка и помощь
- Адрес доставки Идет загрузка... Ошибка: повторите попытку ОК
- Продажи
- Список отслеживания Развернуть список отслеживаемых товаров Идет загрузка... Войдите в систему , чтобы просмотреть свои сведения о пользователе
- Краткий обзор
- Недавно просмотренные
- Ставки/предложения
- Список отслеживания
- История покупок
- Купить опять
- Объявления о товарах
- Сохраненные запросы поиска
- Сохраненные продавцы
- Сообщения
- Уведомление
- Развернуть корзину Идет загрузка... Произошла ошибка. Чтобы узнать подробнее, посмотрите корзину.
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
Shop the Latest Sneakers
Best sellers.
- Jordan 8 Retro Mid Playoff
- Jordan 4 Retro Mid Red Cement
- Jordan 1 KO Low Black White
- Jordan 1 Retro OG High Palomino
- Jordan 1 Retro OG High UNC Toe
Recent Releases
- Jordan 1 Mid Aqua
- Nike Dunk Low Leaf Veins
- Nike Dunk Low Tweed Corduroy
- Jordan 6 Mid Aqua
- Yeezy Slide
- Yeezy Foam RNNR
- New Balance
A New Pair of Jeans to Wear Every Day Next Season

@media(max-width: 73.75rem){.css-q1kujh:before{color:#FF3A30;content:'_';display:inline-block;margin-right:0.4375rem;}}@media(min-width: 64rem){.css-q1kujh:before{color:#FF3A30;content:'_';display:inline-block;margin-right:0.5625rem;}} Style

Get These Levi's Jeans for Over Half Off Today

30 Amazon Prime Day Men's Clothing Sales 2023

The 22 Best Amazon Prime Day Running Shoe Deals

The Best Sneakers Deals for Amazon Prime Day

The 50 Best Prime Day Menswear Deals Under $50

Ryan Reynolds Knows How to Rock An Olive Suit

Temperature Gauge: Tommy Hilfiger Falls Jackets

Blancpain Celebrates 70 Years of the Fifty Fathoms

We Just Found a Bunch of Hoka Sneakers on Sale

Loewe and On's New Collaboration Is Even Sleeker

Long Live Chris Pine Autumn


Image Unavailable

- To view this video download Flash Player
True Religion Slim Leg Jeans Phantom MATT Slim, Color: Blue
- Fastening: Pull On
Product details
- Date First Available : 11 Jun. 2013
- ASIN : B009FVGGF8
Product description
... 10051097
Looking for specific info?
Customer reviews.
Customer Reviews, including Product Star Ratings, help customers to learn more about the product and decide whether it is the right product for them.
To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyses reviews to verify trustworthiness.
No customer reviews
- UK Modern Slavery Statement
- Sustainability
- Amazon Science
- Sell on Amazon
- Sell on Amazon Business
- Sell on Amazon Handmade
- Sell on Amazon Launchpad
- Supply to Amazon
- Protect and build your brand
- Associates Programme
- Fulfilment by Amazon
- Seller Fulfilled Prime
- Advertise Your Products
- Independently Publish with Us
- Host an Amazon Hub
- › See More Make Money with Us
- Instalments by Barclays
- Amazon Platinum Mastercard
- Amazon Classic Mastercard
- Amazon Currency Converter
- Payment Methods Help
- Shop with Points
- Top Up Your Account
- Top Up Your Account in Store
- COVID-19 and Amazon
- Track Packages or View Orders
- Delivery Rates & Policies
- Amazon Prime
- Returns & Replacements
- Manage Your Content and Devices
- Amazon Mobile App
- Customer Service
- Accessibility
- Netherlands
- United Arab Emirates
- United States
- Conditions of Use & Sale
- Privacy Notice
- Cookies Notice
- Interest-Based Ads Notice

- Dare to wear
- Style Guides
- Men Of Style
- Fashion disaster
- Photoshop courtesy
The Must Have jeans the Phantom True Religion

You might also like:

..or the latest Style Guides:

<< go back to article

Enter your email to receive updates from Kpriss :
- Fashion Disaster

Bag Preview
- Accessories: Socks, Scarfs, Pens, Wallets
- Jogging Bottoms
- Knitwear and Sweatshirt
- Boxer Shorts
- Trousers: Chino, Linen,
- Denim Jackets
- Footwear: Trainers, Shoes
- Swim shorts
- Track Suits
- Flip Flops & Sliders
- Polo Shirts
- Gift Vouchers
- Lingerie Sets
- Trainers Womens
- Bras & Sports Bralette Bras
- Women's Jeans
- T-shirts / Tops / Crop Tops
- Body Brief / Vests
- Aquascutum.
- True Religion
- Calvin Klein.
- Emporio Armani .
- Farhi BY Nicole Farhi
- Karl Lagerfeld
- Jeffery West Red Line
- Love Moschino
- Replay Jeans
- Prps Goods & Co
- RELIGION LONDON
- VERSACE COLLECTION
- 7 FOR ALL MANKIND
- True Religion Women's
- Diesel Women's
- Dsquared2 Women's.
- Emporio Armani Women's
- Karl Lagerfeld Women's
- Levi’s® Women's
- REPLAY WOMENS
- LACOSTE WOMEN'S
- TED BAKER WOMEN
- Share with Facebook
- Share with Twitter
- Share with Instagram
- Women's Jeans
- True Religion Women's
True Religion Ghost Wave Blue Becca Bootcut Jeans - 204617

Description
Change up your denim silhouette with the Becca Bootcut Jean. This mid rise women's bootcut jean features fading, 3D whiskering, grinding, and classic gold stitching. Finished with our signature horseshoe detailing along the back flap pockets. The perfect match for your fave heels, flats...or boots. Bootcut Jeans Blue Gold Stitching Horseshoe Detailing Composition: 92% Cotton, 6% Polyester, 2% Elastane Product Code: 204617 Product Care: Wash at 30C Customer Service: 0208 688 6758 Email: [email protected]
- Group 2 Created with Sketch.
- Mastercard Created with Sketch.
- Group-2 Created with Sketch.
You May Also Like
True religion optic white ombre buddha logo tee - 206316, true religion crew neck 3d metallic baby tee jet black t-shirt, true religion jennie qt big t curvy mockingbird skinny jeans - 206212, true religion jet black big t logo mid rise joggers - 205163, true religion jet black buddha logo tee - 205636, true religion women's true puffer vest wistful mauve 206863, true religion billie mountain bluebird mid rise straight jeans 206218, true religion coral coverstitch logo baby tee - 206781, true religion halle carpri blue big t super skinny jeans - 206816, true religion buddha baby tee graphic across the front black, true religion joey dark roper wash mid rinse flare jeans with distressed hem - 207119, true religion jet black coverstitch logo baby tee - 206781, customer service, useful links.
- Members Login
- 0208 688 6758

IMAGES
VIDEO
COMMENTS
True Religion is a brand that has gained immense popularity in the fashion industry. Their signature horseshoe logo and unique design have made them a fashion icon. The brand was founded in 2002 by Jeff Lubell, who was inspired by the vinta...
How companies will fare likely depends on how much cash they have available, and when their biggest loans come due. On April 13, California-based denim maker True Religion filed for bankruptcy, citing the strain on its finances from the ong...
'A Slice of Life' - Add joy to your holiday season by reading 'A Slice of Life,' an inspirational Christmas story about orphans who learn the true meaning of sharing. Advertisement Jean heaved another world-weary sigh. Tucking a strand of s...
True Religion Men's Phantom Jeans Size 31 (Actual 32x27) Blue US Flag Button Fly. daydreamingsunday 100% Positive feedback.
For all things denim, you've come to the right place. Shop men's denim & women's denim in jackets, shorts, and a range of jeans styles
Find many great new & used options and get the best deals for True Religion Men's Big T Grey Phantom Slim Fit Stretch Jeans (38, 40, 42) at the best online
True Religion's new phantom line is a return to America's premium denim obsession — but in a nice, understated way.
Free Next Day Delivery on Prime Eligible Amazon Fashion Orders. Free 30-Days Returns.
The Must Have jeans the Phantom True Religion. You might also like: mindful jeans experience. The Distressed Jeans: Pre Ripped Vs Wear And Tear.
Upgrade your wardrobe with the True Religion collection at USC by Sports Direct, featuring True Religion jeans, hoodies, shirts, jackets, coats and lots
Elevate your style with our True Religion Ghost Wave Blue Becca Bootcut Jeans. Redefine fashion at Budwals.
Брендовые джинсы мужские True Religion с оплатой после примерки. Доставка Москва - 1 день, Россия-3/4 дня. Оригиналы 100 % из американских магазинов.
Shop True Religion Women's Jeans at up to 70% off! Get the lowest price on your favorite brands at Poshmark. Poshmark makes shopping fun, affordable & easy!
GHOST · GHOST London · GHŌUD Venice · GIAB'S · GIACOBINO · GIACOMO CONSERVA