Consumer Affairs & Relations

One of the top nation’s top owners of necessity-based centers claims to have fared well through the pandemic-afflicted first quarter.

In a move that was not unexpected, Neiman Marcus Group has filed for bankruptcy with an agreement that will eliminate about $4 billion of its debt and make its creditors the majority owners of its business. 

With some governors lifting stay-at-home orders across the country, economic recovery from the COVID-19 pandemic is likely to come gradually and may vary by location.

The world’s two biggest e-tailers are cooperating with a new partner in response to pandemic-related e-commerce crime.

Walgreens stores are getting back to some semblance of normal, but with added safety measures. 

L Brands intends to spin-off its Victoria's Secret business as a standalone company following the termination of its agreement to sell the business to Sycamore Partners.

J. Crew Group has become the first major retailer to file for bankruptcy protection amid the COVID-19 crisis.

Although J Crew has been making progress in reducing its losses, the company still ended its last fiscal year $78.8 million in the red.