Finance & Capital Management

The COVID-19 pandemic is upending U.S. retail discretionary spending, which is projected to decline by 40% to 50% in the first half of 2020.

Starbucks Corp. is expanding its efforts to help its employees around the world affected by the COVID-19 crisis. 

More retail companies are furloughing employees and announcing executive pay cuts — some to greater degrees than others — as stores remain closed indefinitely during the COVID-19 pandemic.

McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.

Large mall owner PREIT girded itself further against the coronavirus shutdown by furloughing 62 employees at its properties and 41 corporate office employees.

The finance head of Macy’s Inc. is stepping down.

When the pandemic hit, Conor Flynn and the rest of the leadership at Kimco were confident they’d make it through the tough times. 

Stephen Yalof has joined Tanger Factory Outlet Centers as COO and will succeed Steven B. Tanger as CEO in 2021.