Episode Four: Liquidity and The Lobby
Presented by: Klarna
Focuses on the financial challenges presented by the pandemic, the strains on landlord and vendor relationships, the changing ownership structure of the sector, and the lobbying efforts of the retail industry to seek relief.
Engines seize without oil. Humans die without blood. Cash is the engine oil and blood supply of business operations. Without an ability to pay employees, landlords, debt obligations, and vendors, businesses seize up. That was the bleak outlook in March 2020 – stores were closed
and the flow of cash coming in dried up. Non-essential retailers were on the brink and needed to find a path forward or fail. This episode tells the story of how retail worked to preserve cash, manage payment obligations and how they marshalled efforts to influence government assistance for this vital industry.
Managing Director, Alvarez & Marsal
CFO, Vineyard Vines
President, Asset Strategies Group
Sr. Managing Director, Crystal Financial