Taubman Centers, one of the largest owners of malls in the United States, is demanding rent from tenants even though their properties are shuttered during the coronavirus pandemic.
The Children's Place Inc. is the latest retailer to furlough employees and take other measures to boost financial flexibility as it extends store closures indefinitely amid the COVID-19 pandemic.
The Kroger Co. maintained its first-quarter guidance and reported a 30% increase in March same-store sales, with surging demand in the middle of the month amid the COVID-19 outbreak.
As the COVID-19 pandemic continues to dominate headlines worldwide, businesses in nearly every industry face fresh challenges each day, many of which will impact operations in the weeks and months to come.
An upcoming webinar hosted by Chain Store Age will provide practical and actionable insights on how retailers can meet e-commerce, delivery and mobile challenges presented by the COVID-19 pandemic.
International Council of Shopping Centers president Tom McGee has urged Congress to pass a recovery fund bill for businesses debilitated by the coronavirus pandemic.
