Michaels swings to loss amid closed stores; ‘encouraged’ by recent trendsThe Michaels Cos. swung to a first-quarter loss and missed bottom and top-line expectations as its stores went dark shuttered temporarily during COVID-19 pandemic. Gap posts big loss as sales fall 43% amid pandemicGap Inc. swung to a $932 million net loss in its first quarter as its stores remained dark for much of the period. All G.H. Bass, Wilsons Leather stores to be liquidated in company restructuring G-III Apparel Group Ltd. is restructuring its retail operations segment and reducing its store portfolio to focus on its wholesale business. Simon Property Group sues Gap Inc. for unpaid rent The biggest mall owner in the U.S. is suing one of its most important in-line tenants. Costco sales rise in May; online jumps 106.2% After a disappointing April, Costco Wholesale Corp. returned to form sales-wise in May. Parent company of New York & Company warns of bankruptcy filing RTW Retailwinds could be the latest retailer to declare bankruptcy amid the COVID-19 pandemic. Express Q1 loss widens; sales down 53% Express Inc. reported a wider-than-expected fiscal first-quarter loss as revenue declined more than forecast amid COVID-19 store closures. Report: Amazon ceases COVID-19 hazard pay Amazon has reportedly ended a temporary $2 pay hike it gave to warehouse employees as an incentive to work during the COVID-19 pandemic. Sears, Kmart stores are doing a slow fade A look at what’s left of the Sears portfolio shows that the troubled retailer’s store footprint is doing a disappearing act. Food Lion to buy 62 Bi-Lo, Harveys Supermarkets stores Food Lion is expanding its Southeast store footprint. First Previous 438 439 440 441 442 Next Last
