Finance & Capital Management

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.
NYC leasing agent: 40% of shutdown businesses won’t re-open
One retail leasing agent in New York foresees bleak consequences in the aftermath of the coronavirus pandemic, with retail vacancy rates hitting 50%.

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.
eBay launches e-commerce accelerator for small businesses

eBay wants to help companies without an e-commerce presence to gain one quickly.
Ross Stores furloughs most of store, DC employees; CEO, chairman defer salaries

Ross Stores is taking additional steps to cope with the COVID-19 pandemic.
Walmart reportedly puts efforts to sell Asda on hold

Walmart’s ongoing efforts to sell a majority stake in its U.K. supermarket chain ASDA may have been put on the back burner for the time being.
Sephora keeping majority of U.S. store employees on payroll through late May

Sephora has joined other major retailers in extending its store closures, but it is not following suit in another way.
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.
Kroger’s same-store March sales up 30%; costs up amid increased investments

The Kroger Co. maintained its first-quarter guidance and reported a 30% increase in March same-store sales, with surging demand in the middle of the month amid the COVID-19 outbreak.
Children’s Place ‘evaluating options’ on 600 store leases; CEO forgoing pay

The Children's Place Inc. is the latest retailer to furlough employees and take other measures to boost financial flexibility as it extends store closures indefinitely amid the COVID-19 pandemic.

Finance & Capital Management

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

NYC leasing agent: 40% of shutdown businesses won’t re-open

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

eBay launches e-commerce accelerator for small businesses

Ross Stores furloughs most of store, DC employees; CEO, chairman defer salaries

Walmart reportedly puts efforts to sell Asda on hold

Sephora keeping majority of U.S. store employees on payroll through late May

No rent break from Taubman for retailers

Kroger’s same-store March sales up 30%; costs up amid increased investments

Children’s Place ‘evaluating options’ on 600 store leases; CEO forgoing pay