Finance & Capital Management

Children’s Place Inc. plans to reduce its store network by a third.

GameStop reported a loss for its first quarter as its stores were shuttered due to COVID-19 but its online sales jumped as the company pivoted to an online and curbside pickup model. 

It won’t be business as usual for non-essential retailers slowly reopening stores — or when it comes to hiring holiday staff.

As businesses across the country are beginning to reopen and/or are increasing staffing levels as stay-at-home orders are lifted, some retailers are finding that certain employees are refusing or resisting the calls to return to work.

RTW Retailwinds (formerly known as New York & Co.) is edging closer to filing for bankruptcy.

The nation’s largest mall operator has called off its merger agreement with — and filed suit against — a rival, citing fallout from the COVID-19 pandemic.

Chico’s FAS’s first-quarter sales fell 45.9% amid closed stores due to COVID-19 during the second half of the period. 

In 2020’s first quarter, Sephora threatened to close the 600 shops it operates inside J.C. Penney stores before coming to an agreement to keep them open.