ARTICLES BY THIS AUTHOR
- 6/4/2020
Here are the 154 Penney stores that will soon close
J.C. Penney Co. has identified the first wave of its store closures. - 6/3/2020
Gap posts big loss as sales fall 43% amid pandemic
Gap Inc. swung to a $932 million net loss in its first quarter as its stores remained dark for much of the period. - 6/3/2020
Amazon in $10 million donation to groups supporting justice and equality
Amazon said it will donate $10 million to 11 organizations “working to bring about social justice and improve the lives of Black and African Americans.” - 6/3/2020
All G.H. Bass, Wilsons Leather stores to be liquidated in company restructuring
G-III Apparel Group Ltd. is restructuring its retail operations segment and reducing its store portfolio to focus on its wholesale business. - 6/3/2020
James Avery expands its store footprint
With the majority of its stores reopened, James Avery is expanding its portfolio. - 6/3/2020
Simon Property Group sues Gap Inc. for unpaid rent
The biggest mall owner in the U.S. is suing one of its most important in-line tenants. - 6/3/2020
Michaels swings to loss amid closed stores; ‘encouraged’ by recent trends
The Michaels Cos. swung to a first-quarter loss and missed bottom and top-line expectations as its stores went dark shuttered temporarily during COVID-19 pandemic. - 6/3/2020
Tuesday Morning secures loan as part of bankruptcy proceedings
Tuesday Morning Corp. is partnering with B. Riley Financial to help support the retailer’s reorganization through bankruptcy. - 6/3/2020
Costco sales rise in May; online jumps 106.2%
After a disappointing April, Costco Wholesale Corp. returned to form sales-wise in May. - 6/2/2020
Amazon expands its air cargo fleet and on-the ground ops
Amazon keeps expanding its delivery capabilities by growing its aircraft fleet. - 6/2/2020
Sears, Kmart stores are doing a slow fade
A look at what’s left of the Sears portfolio shows that the troubled retailer’s store footprint is doing a disappearing act. - 6/2/2020
Express Q1 loss widens; sales down 53%
Express Inc. reported a wider-than-expected fiscal first-quarter loss as revenue declined more than forecast amid COVID-19 store closures.