ARTICLES BY THIS AUTHOR
- 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
Lidl’s U.S. expansion continues with opening of new distribution center
Lidl has opened a regional distribution center to support its growing U.S. footprint. - 3/30/2020
Urban Outfitters temporarily halts rent payments
With its stores temporarily closed, Urban Outfitters said it will suspend the payment of rent temporarily and delay or cancel some planned new store openings. - 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
J.C. Penney furloughs most of its workforce; to cover 100% of their health premiums
J.C. Penney joined the growing list of major retail chains that are furloughing employees as stores remain closed amid the COVID-10 crisis. - 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. - 3/30/2020
David’s Bridal, Guess?, Christopher & Banks furloughing employees, cutting expenses
More retailers are furloughing employees and taking other measures to shore up liquidity as they extend store closings amid the COVID-19 crisis. - 3/30/2020
Dollar Tree withdraws outlook as same-store sales start to moderate
Dollar Tree withdrew its fiscal first-quarter and full-year outlook as it heads into peak Easter selling season amid moderating same-store sales. - 3/30/2020
Device uses real-time audio cues to promote in-store social distancing
A device that resembles a dome security camera is designed to heighten real-time awareness of social distancing in retail stores – especially in busy areas frequented by multiple shoppers. - 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.