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Canadian zombie firmstorontosun
•Business
Business & Economics
78% Informative
Since the COVID-19 pandemic, hundreds of retail businesses have reached the brink every year .
The Bay filed for creditor protection, making it one of four retail companies that sought a reprieve in the first quarter of the year .
Retail and insolvency experts say the trend is a reflection of many businesses that haven’t been able to catch a break.
Gordon Brothers helped Canadian home goods and accessories retailer Linen Chest secure $35 million in credit to increase its “liquidity and support future growth” In December , it gave $120 million in financing to Toys “R” Us Canada Ltd. The dynamics of their business are “changing much more quickly” than before the pandemic, said chief transaction officer Kyle Shonak .
VR Score
76
Informative language
72
Neutral language
66
Article tone
informal
Language
English
Language complexity
54
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
5
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