Consumer Affairs & Relations

Kimco puts $800 million cash on its balance sheet to ride out the pandemic
One of North America’s largest publicly traded owners and operators of grocery-anchored centers and mixed-use assets has girded itself against coronavirus by obtaining a $375 million unsecured term loan.
Expert Insight: How Retailers Should Communicate with Landlords Amid COVID-19
Chain store retailers are a diverse group and cross product lines – food, furniture, apparel, eyewear, entertainment, in line, end cap and interior mall access and direct access.

Walgreens’ March same-store sales skyrocket — then fall — on heels of strong Q2

Walgreens Boots Alliance provided an early look at the impact of COVID-19 on the drugstore industry during its second-quarter earnings call with analysts.
No rent break from Taubman for retailers

Taubman Centers, one of the largest owners of malls in the United States, is demanding rent from tenants even though their properties are shuttered during the coronavirus pandemic.
Furniture retailer Article modifies delivery for COVID-19

In response to the COVID-19 pandemic, a specialty furniture retailer is instituting contactless delivery protocols.
Home Depot limits in-store customers; halts sales of N95 masks

The Home Depot announced temporary changes to help reduce the spread of COVID-19 along with an update on how it is contributing to front line medical professionals.
Macy’s leaving S&P 500 Index

Macy’s Inc. is being removed from the S&P 500 Index to make way for Carrier Global Corp.
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.
Simon furloughs 30% of its workforce

The nation’s biggest, which had temporarily closed all of its properties, is now shedding nearly a third of its workforce.
Restaurants ask consumers to take it to go – again

A coalition of quick-service and fast-casual food chains are offering a sequel to “The Great American Takeout.”

Consumer Affairs & Relations

Kimco puts $800 million cash on its balance sheet to ride out the pandemic

Expert Insight: How Retailers Should Communicate with Landlords Amid COVID-19

Walgreens’ March same-store sales skyrocket — then fall — on heels of strong Q2

No rent break from Taubman for retailers

Furniture retailer Article modifies delivery for COVID-19

Home Depot limits in-store customers; halts sales of N95 masks

Macy’s leaving S&P 500 Index

J.C. Penney furloughs most of its workforce; to cover 100% of their health premiums

Simon furloughs 30% of its workforce

Restaurants ask consumers to take it to go – again