As Companies Draw Down Cash, Analyst Sees Retailers Operating for ‘Months’

WWD

Dana Telsey, CEO at Telsey Advisory Group, was quoted in a WWD article about retail cash flow.

In a report today from Telsey Advisory Group, Dana Telsey, chief research officer, said many consumer companies are taking “dramatic actions to manage their business and cash flow. These efforts to reduce costs across the organization include cutting executive salaries, adjusting store payroll, furloughing employees, negotiating with landlords to reduce/pause rents, suspending dividends and share repurchases, delaying/reducing receipts of inventory, drawing down revolving credit facilities, and reducing capital expenditures.”

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