The firm found that recent presidential years appear to most adversely impact retail sales in September and October, with a bounceback in November and December.
Overall retail sales fell 0.3 percent in August.
Ratings agency Moody’s said negative operating cash flow is expected to be $1.5 billion this year.
The number of foreign visitors fell 15 percent at the department store chain’s Boulevard Haussmann flagship.
Senior analyst Ike Boruchow sees both companies are leaders in their respective markets.
A Delaware bankruptcy court gave its approval of the reorganization plan on Monday.
Bankruptcy court approval is expected on Sept. 12.
The design-to-market process dropped to 105 days from 220.
The web site has separate sections for back-to-school and college campus merchandise.
The value chain now has an e-commerce platform.