ARTICLES BY THIS AUTHOR
- 6/7/2020
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. - 6/7/2020
Dunkin’ goes on big hiring initiative
Dunkin’ is launching its first-ever advertising campaign focused on employee recruitment. - 6/7/2020
Report: U.S. retail sales to drop 10.5 % in 2020—with one bright spot
The U.S. retail sector could take years to recover from the impact of COVID-19, and the hit could be worse than that of the Great Recession. - 6/7/2020
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. - 6/4/2020
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. - 6/4/2020
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. - 6/4/2020
Brooks Brothers reportedly seeking financing for possible bankruptcy
One of the country’s oldest apparel retailers may be moving closer to bankruptcy. - 6/4/2020
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. - 6/4/2020
JLL: Retail vacancy to hit high of 5.7% in 2021; return to pre-COVID levels in 2024
Approximately 60% of retailers reported that they could not pay April rent, with many asking for three months of rent abatement—and several claimed they could not pay rent until stores reopened. - 6/4/2020
Victoria’s Secret U.K. division files for protection against creditors
The British arm of Victoria's Secret has fallen into administration, which is the equivalent of a bankruptcy proceeding in the U.S. - 6/4/2020
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. - 6/4/2020
GameStop warns of big sales drop; 30 stores extensively damaged in recent unrest
GameStop Corp. said it expects first-quarter sales to drop by as much as a third as the majority of its stores were shuttered due to the pandemic.