Iconic American department store operator Sears Holdings Corporation has filed for Chapter 11 bankruptcy protection, becoming easily the highest-profile casualty of the "Retail Apocalypse" to date.
Stop the presses: U.S. printing mainstay Cenveo, Inc. met bankruptcy in early 2018. Our subscribers were well aware of Cenveo's troubles for more than a year, however, thanks to the FRISK® score and our crowdsourced behavioral data.
Conn’s suffered from persistent declines in same store sales, caused by “lower discretionary spending for home-related products.” The acquisition of W.S. Badcock, LLC also contributed to higher financial leverage and ultimately an untenable balance sheet.
CreditRiskMonitor announced that Lawrence Fensterstock, Senior Vice President and Chief Financial Officer, has informed the Board of Directors of his intention to retire effective June 30, 2020.
Updating CreditRiskMonitor’s Confidential Financial Statement Service (CFS) Risk Model has led to higher capture rates of bankruptcy in private companies, with a remarkable upward spike in captures on applicable companies with lower FRISK® scores.
The new FRISK® Stress Index is a fast, powerful way to see risk levels of industries, countries or your portfolio.
Cloud management services provider Tintri, Inc.'s elevated bankruptcy risk was signaled well in advance by our proprietary FRISK® score.
The Chapter 11 filing of wellness supplement giant NewAge, Inc. is a classic case showing that on-time bill payment by a public company is not indicative of true financial health.
CreditRiskMonitor reported operating revenues of $4.6 million, an increase of approximately $253 thousand or 6%, for the three months ended March 31, 2023, as compared to the first quarter of fiscal 2022.