Gap posts big loss as sales fall 43% amid pandemicGap Inc. swung to a $932 million net loss in its first quarter as its stores remained dark for much of the period. TORG signs 13 new tenants at re-opened outletsWhen The Outlet Resource Group started re-opening outlet centers it operates in places like Oklahoma City and Park City, Utah more than a month ago, stores were slowly recapturing employees and restocking merchandise. 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. Simon Property Group sues Gap Inc. for unpaid rent The biggest mall owner in the U.S. is suing one of its most important in-line tenants. Costco sales rise in May; online jumps 106.2% After a disappointing April, Costco Wholesale Corp. returned to form sales-wise in May. 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. James Avery expands its store footprint With the majority of its stores reopened, James Avery is expanding its portfolio. Survey: Retail winners understand the importance of store associates Retailers who outperform their peers are more likely to see a link between customer-facing employees and sales performance. 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. Sears, Kmart stores are doing a slow fade A look at what’s left of the Sears portfolio shows that the troubled retailer’s store footprint is doing a disappearing act. First Previous 914 915 916 917 918 Next Last
