Corporate Governance

Reuters: Sycamore in talks to buy J.C. Penney
Private 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.
Brooks Brothers reportedly seeking financing for possible bankruptcy
One of the country’s oldest apparel retailers may be moving closer to bankruptcy.

Caleres posts Q1 loss; sales at reopened Famous Footwear stores ahead of last year

Caleres Inc., whose brands include Famous Footwear, Sam Edelman, Allen Edmonds and more, posted a wider than expected first-quarter loss.
Kroger confirms three new locations for next-gen fulfillment centers

The Kroger Co. is bringing its leading-edge automated warehouse facilities to three different regions of the U.S.
Survey: Mistrust hampers grocery supply chain collaboration

Grocery retailers and suppliers who successfully collaborate can improve customer service and operating efficiency.
Victoria’s Secret U.K. division files for protection against creditors

The British arm of Victoria's Secret has fallen into administration, which is the equivalent of a bankruptcy proceeding in the U.S.
Mall owner CBL issues ‘going concern’ warning as rent payments plunge

CBL & Associates, which owns 108 properties, has serious doubts about its future amid skipped rent payments from retail tenants due to the COVID-19 pandemic.
Commentary: Why you need BI analytics for your IT hardware stack

Digital transformation is accelerating in retail environments.
GameStop warns of big sales drop; 30 stores extensively damaged in recent unrest

GameStop Corp. said it expects first-quarter sales to drop by as much as a third as the majority of its stores were shuttered due to the pandemic.
Here are the 154 Penney stores that will soon close

J.C. Penney Co. has identified the first wave of its store closures.
Gap posts big loss as sales fall 43% amid pandemic

Gap Inc. swung to a $932 million net loss in its first quarter as its stores remained dark for much of the period.
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.”