ARTICLES BY THIS AUTHOR
- 6/8/2020
Macy’s raises $4.5 billion in financing
Macy's Inc. said it raised a total of $4.5 billion, providing it with sufficient liquidity to fund operations and address business needs as the economy starts to recover from the COVID-19 pandemic. - 6/8/2020
Dunkin’ goes on big hiring initiative
Dunkin’ is launching its first-ever advertising campaign focused on employee recruitment. - 6/8/2020
Grocers get top marks for in-store COVID-19 response
The grocery industry has exerted the most consistent and visible efforts in implementing health and safety standards in response to the pandemic, followed by big-box and drug stores. - 6/8/2020
ACI: Global online sales up 81% in May amid spending shift; fraud attempts down
Consumers are starting to increase their online spending across traditional retail categories. - 6/8/2020
Gap Inc. to shutter its fledgling men’s activewear brand Hill City
Gap Inc. is shutting down a direct-to-consumer men's performance activewear brand it launched in fall 2018. - 6/5/2020
Reuters: Sycamore in talks to buy J.C. Penney
Private equity firm Sycamore Partners is in early talks to take J.C. Penney out of bankruptcy if the retailer’s negotiations with its creditors fail, reported Reuters. - 6/5/2020
Mall owner CBL issues ‘going concern’ warning as rent payments plunge
CBL & Associates, which owns 108 properties, has serious doubts about its future amid skipped rent payments from retail tenants due to the COVID-19 pandemic. - 6/5/2020
Caleres posts Q1 loss; sales at reopened Famous Footwear stores ahead of last year
Caleres Inc., whose brands include Famous Footwear, Sam Edelman, Allen Edmonds and more, posted a wider than expected first-quarter loss. - 6/5/2020
Here are the 154 Penney stores that will soon close
J.C. Penney Co. has identified the first wave of its store closures. - 6/5/2020
Target donates $10 million to social justice, rebuilding efforts
Target Corp. had pledged $10 million to social justice organizations and also to community rebuilding/recovery efforts in the wake of the death of George Floyd in the company’s hometown of Minneapolis.