Video: A Macy’s Case Study

Presented by Victor Calanog, PhD 

Challenged by the COVID-19 pandemic and economic contraction, U.S. retail properties will likely record historic measures of distress in 2020. In this video, Victor Calanog, Head of CRE Economics at Moody’s Analytics, discusses how brick and mortar retailers like Macy’s will fare in the post-COVID-19 world. 

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You may also find our website dedicated to COVID-19 to be helpful during this time. Visit for our latest research and views on the credit and economic impact of COVID-19. This site brings together insights from across Moody’s to help you better understand the financial implications of the outbreak.