In this commentary we discuss the business risk weaknesses that led to Bed, Bath & Beyond Inc.’s (BB&B; not rated by DBRS Morningstar) downfall and how these weaknesses can be indicators for which retailers are at increased risk of experiencing a similar fate. Key Business Risk Weaknesses To Watch: (1) Lack of omnichannel capabilities; (2) Unmitigated category concentration; (3) Lack of long-term customer loyalty; and (4) Lack of continuous reinvesting in the business. “BB&B’s demise was prim...
DBRS Morningstar released a commentary titled “Global 2023 Retail Outlook: Rough Times Ahead for Discretionary Retail.” Our negative outlook for retailers globally in 2023 reflects our view that the credit risk profiles of such companies in our ratings portfolio will be pressured, albeit to varying degrees, depending on where they are on the discretionary to nondiscretionary spectrum, as a result of shrinking consumer wallets, persistent levels of inflation, and a challenging macroeconomic backd...
DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Notes rating of Dollarama Inc. (Dollarama) at BBB with Stable trends. The confirmations are based on Dollarama's solid operating performance in the context of the Coronavirus Disease (COVID-19) pandemic over the last 12 months ended May 2, 2021 (LTM Q1 F2022).
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.