Reuters: Sycamore in talks to buy J.C. PenneyPrivate equity firm Sycamore Partners is in early talks to take J.C. Penney out of bankruptcy if the retailer’s negotiations with its creditors fail, reported Reuters. Mall owner CBL issues ‘going concern’ warning as rent payments plungeCBL & Associates, which owns 108 properties, has serious doubts about its future amid skipped rent payments from retail tenants due to the COVID-19 pandemic. Here are the 154 Penney stores that will soon close J.C. Penney Co. has identified the first wave of its store closures. Amazon in $10 million donation to groups supporting justice and equality Amazon said it will donate $10 million to 11 organizations “working to bring about social justice and improve the lives of Black and African Americans.” FedEx adds new delivery fees targeting high-volume shippers FedEx is the latest delivery provider to apply peak surcharges in response to COVID-19 volume surges. 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. Landlord: 80% to 90% of non-rent-payers are national chains There are three types of bad actors among retail center tenants not paying rent, said DLC Management Corp. CEO Adam Ifshin. Tuesday Morning secures loan as part of bankruptcy proceedings Tuesday Morning Corp. is partnering with B. Riley Financial to help support the retailer’s reorganization through bankruptcy. 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. 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. American Eagle Outfitters swings to Q1 loss, but now seeing 'pent-up demand' American Eagle Outfitters Inc. reported a wider-than-expected first-quarter loss amid store closures and “aggressive’ inventory liquidation. Amazon offers backup family care benefit until October An e-tail giant is subsidizing the cost of emergency child and adult care for all of its U.S. employees. First Previous 174 175 176 177 178 Next Last
