ARTICLES BY THIS AUTHOR
- 3/30/2020
CEO of NEST to address students — virtually — on crisis management
Rob Almond, CEO of integrated facilities management company NEST, will deliver a virtual address on crisis management on Wednesday, April 8, to students at St. Joseph’s University, which is located in Philadelphia. - 3/30/2020
Parent company of Men’s Wearhouse adopts poison pill
Tailored Brands has adopted a shareholder rights plan, or so-called poison pill, aimed at reducing the likelihood that a person or group can gain control of the retailer at its depressed share price. - 3/30/2020
Walmart to take employees’ temperatures as part of stepped up safety measures
Walmart Inc. is taking additional steps to ensure the safety of its workers and customers during the COVID-19 pandemic, from taking the temperature of workers to one-way store aisles. - 3/29/2020
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. - 3/29/2020
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. - 3/29/2020
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. - 3/29/2020
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. - 3/29/2020
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. - 3/29/2020
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. - 3/29/2020
Lamy Group: Rents coming due pose critical test for landlords and tenants
With most stores closed throughout much of the United States to help stem the spread of COVID-19, retail landlords are being inundated with requests for rent relief.