Data & Insights

Retail Leveraged Loan Default Rate Hits Record 18.9% in August

Credit rating agency Fitch warns the figure could reach as high as 25% by year's end

Men's Wearhouse parent company Tailored Brands filed for bankruptcy in early August.Getty Images
By Richard Collings

August 31, 2020

The leveraged loan default rate for retail continues to soar, reaching 18.9% in August from 17.5% at the end of July following the bankruptcy of apparel retailer Tailored Brands, the parent of Men’s Wearhouse and Jos. A. Bank, according to credit rating agency Fitch.

Richard Collings

Richard Collings is a retail reporter at Adweek.

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