ARTICLES BY THIS AUTHOR
- 3/30/2020
ICSC wants 90-day restraint on commercial loan obligations underlying industry
The International Council of Shopping Centers is sounding the alarm as mandated closures create a growing and major threat to the continuity of cash flow between tenant, property owner and commercial lender. - 3/30/2020
Stage Stores furloughs all but 80 employees; reduces exec pay
With all its stores temporarily closed, Stage Stores has furloughed virtually its entire workforce in response to the COVID-19 crisis. - 3/30/2020
Kohl’s furloughs store employees; CEO forgoing salary; cuts cap expenditures
Kohl’s is joining Macy's Inc. in furloughing a good deal of its workforce and cutting capital expenditures as it extends store closings in the wake of the COVID-19 outbreak. - 3/30/2020
Dollar General gives discount to first responders; employee bonuses
Dollar General Corp. is giving a discount to the folks on the frontlines of fighting the COVID-19 pandemic. - 3/30/2020
Gap Inc. furloughs store employees; exec team takes pay cut
Gap Inc. is extending its store closures past the previously announced April 1 date to help slow the spread of COVID-19. - 3/30/2020
Macy’s to furlough most of workforce amid significant sales losses
With no clear timeline for when stores will reopen, Macy’s Inc. is furloughing most of its employees as the COVID-19 outbreak continues to take a heavy toll on its business. - 3/30/2020
Ulta Beauty expands store closings; DC workers to get $2-per-hour raise
Ulta Beauty Inc. joined the growing list of retailers whose stores will remain temporarily closed until “it is safe to reopen.” - 3/30/2020
Brooks Brothers, Under Armour using factories to make medical supplies
Brooks Brothers and Under Armour joined the growing list of retailers who are using their facilities to make badly-needed medical supplies for frontline healthcare workers in the wake of the novel coronavirus. - 3/27/2020
Lululemon Q4 sales, earnings beat Street but provides no guidance
Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales. - 3/27/2020
Starbucks, Krispy Kreme among chains giving free items to front-line responders
Several major chains are stepping up to offer support to healthcare workers during the COVID-19 outbreak.