Finance & Capital Management

Ulta Beauty expands store closings; DC workers to get $2-per-hour raise
Ulta Beauty Inc. joined the growing list of retailers whose stores will remain temporarily closed until “it is safe to reopen.”
ICSC wants 90-day restraint on commercial loan obligations underlying industry
The International Council of Shopping Centers is sounding the alarm as mandated closures create a growing and major threat to the continuity of cash flow between tenant, property owner and commercial lender.

Macy’s to furlough most of workforce amid significant sales losses

With no clear timeline for when stores will reopen, Macy’s Inc. is furloughing most of its employees as the COVID-19 outbreak continues to take a heavy toll on its business.
Publix offering free rent to tenants in its company-owned centers

The dominant grocer in Florida is offering assistance to some of its neighboring businesses as the COVID-19 pandemic forces them to temporarily close their doors.
Gap Inc. reduces cap expenditures, postpones dividend payment, taps credit line

Gap Inc. has taken “precautionary actions” to strengthen financial flexibility in response to the COVID-19 pandemic.
In ‘first-of-its-kind’ order, Modell’s bankruptcy suspended due to COVID-19

The novel coronavirus has had an unexpected result.
Party City extends store closures, taps into credit

Party City Holdco Inc. is extending the temporary shuttering of its stores.
Lululemon Q4 sales, earnings beat Street but provides no guidance

Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales.
Build-A-Bear Workshop furloughs over 90% of workforce; reduces pay for remaining staff

Build-A-Bear Workshop furloughed the majority of its workforce, with the employees receiving benefits but not “direct compensation,” effective March 29.
Wendy’s drive-thru business leaps to 90% of overall sales mix

A business update on Thursday by The Wendy’s Company revealed the impact of COVID-19 pandemic on the company's business and quick-service restaurant segment as a whole.

Finance & Capital Management

Ulta Beauty expands store closings; DC workers to get $2-per-hour raise

ICSC wants 90-day restraint on commercial loan obligations underlying industry

Macy’s to furlough most of workforce amid significant sales losses

Publix offering free rent to tenants in its company-owned centers

Gap Inc. reduces cap expenditures, postpones dividend payment, taps credit line

In ‘first-of-its-kind’ order, Modell’s bankruptcy suspended due to COVID-19

Party City extends store closures, taps into credit

Lululemon Q4 sales, earnings beat Street but provides no guidance

Build-A-Bear Workshop furloughs over 90% of workforce; reduces pay for remaining staff

Wendy’s drive-thru business leaps to 90% of overall sales mix