ARTICLES BY THIS AUTHOR
- 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
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
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. - 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. - 6/3/2020
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
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
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
Costco sales rise in May; online jumps 106.2%
After a disappointing April, Costco Wholesale Corp. returned to form sales-wise in May. - 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
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.”