The American casual brand is looking to open 40 to 50 stores over five years, and grow sales to between $1.8 billion to $2 billion in the same period.
Industry observers say fashion is contributing to retailers’ holiday gains, so far.
Moody’s looked at issuers having a credit rating of “B2” or “B3.”
Companies that have transferred assets include J. Crew, Neiman Marcus and Claire’s Stores.
The brand’s new leader is looking to “rejuvenate” business with new product assortments and a bigger focus on catalog and e-commerce.
The write-off, along with sagging sales, will lead the company to steep fourth-quarter losses.
Zac Posen is the first designer to help Delta refresh its uniforms since Richard Tyler did the honors in 2006.