Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky
PYMNTS
JUNE 23, 2016
The bankruptcy process gives us the ability both to fix our balance sheet by reducing our long-term debt by more than 65 percent and reduce our annual occupancy costs, either through landlord negotiations or lease rejections, appropriately adjusting the fixed costs of operating our stores to better match the shifting retail landscape.”.
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