Thread regarding Coach Inc. layoffs

Our bond goes to "junk" status, how concering is this?

It's hard to borrow money.

I am not sure how many people will be able to come back if we open and when we open.–and-michael-kors-parent-credits-cut-to-junk-at-fitch-2020-04-01
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The economy just lost 10 million jobs. Now we enter a really bad stage.

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