Strategy

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.
Brooks Brothers, Under Armour using factories to make medical supplies
Brooks Brothers and Under Armour joined the growing list of retailers who are using their facilities to make badly-needed medical supplies for frontline healthcare workers in the wake of the novel coronavirus.

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.
Lamy Group: Rents coming due pose critical test for landlords and tenants

With most stores closed throughout much of the United States to help stem the spread of COVID-19, retail landlords are being inundated with requests for rent relief.
Party City extends store closures, taps into credit

Party City Holdco Inc. is extending the temporary shuttering of its stores.
Kroger ramps up hiring — for the second time; onboarding time down to 72 hours

The Kroger Company is doubling down on its hiring efforts.
Lululemon Q4 sales, earnings beat Street but provides no guidance

Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales.
Walmart shoppers can check out, pick up and get deliveries totally contact free

Walmart is answering the call to socially distance by offering no contact services for in-store payment, pickup and delivery options.
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.
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.

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

Brooks Brothers, Under Armour using factories to make medical supplies

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

Lamy Group: Rents coming due pose critical test for landlords and tenants

Party City extends store closures, taps into credit

Kroger ramps up hiring — for the second time; onboarding time down to 72 hours

Lululemon Q4 sales, earnings beat Street but provides no guidance

Walmart shoppers can check out, pick up and get deliveries totally contact free

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

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