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Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.

Sur La Table to be acquired; some stores will stay open

Sur La Table has avoided liquidation. The nearly 50-year-old kitchenware retailer, which filed for bankruptcy in July and said it would close over 50 of its 121 stores, has been sold for nearly $89 million to a joint venture between e-commerce investment firm CSC Generation and Marquee Bra

Simon headquarters

Simon’s Q2 net operating income was 42% lower than in 2019

Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019. "We continue to navigate through the challenging times presente

Shopper wearing mask

Placer.ai: Macy’s, Penney, Dillard’s recoveries stall with pandemic resurgence

Recoveries in the department store sector have been stymied by a resurgence in COVID-19 cases leading to a reversal of the positive trends seen in May and June. That’s according to new data from foot traffic analytics firm Placer.ai.

Foot Locker storefront

Foot Locker sees ‘strong customer response’ as Q2 comp-sales rise

Foot Locker is feeling upbeat about its second quarter. In a sales and earnings update for the second quarter (ended August 1), the athletic footwear retailer said that same-store sales increased approximately 18%.

7-Eleven expanding store footprint with $21 billion all-cash acquisition

7-Eleven has made the largest acquisition in its history and one of the largest to be announced since the pandemic began.

J.Jill inches closer to bankruptcy as it extends forbearance — again

J.Jill received more breathing room on the day that its forbearance agreements were set to expire.

Commercial real estate bankruptcy legislation introduced

Legislation has been introduced that would make "meaningful" temporary changes to bankruptcy laws, related to commercial real estate.

Costco’s July sales rise 14.1%

Costco Wholesale Corp.’s robust e-commerce growth helped fuel strong comparable sales in July.

J.C. Penney lenders reportedly looking for higher bids

The bids that have come in for bankrupt J.C. Penney are reportedly lacking a bit.

Report: Walmart memo confirms ‘streamlining’ of some roles

A message Walmart management sent to employees said some jobs are being eliminated as the company transforms to an omnichannel organization.

CVS posts strong Q2; expanding customer services, HealthHub locations

CVS Health has its eye on a lot more than traditional drugstore services.

Coldwater Creek calls it quits – at least for now

A struggling women’s apparel retailer is closed, although a message on its e-commerce site implies a return is possible.

Report: Walmart eliminates jobs as part of reorganization

Walmart is reportedly cutting hundreds of corporate positions as it transforms into an omnichannel enterprise.

Lord & Taylor files for bankruptcy; looking for new owner

The country’s oldest department store retailer has joined the growing list of companies undone by COVID-19.