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FINANCE

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.

Lucky Brand files for bankruptcy with plan to sell itself

Lucky Brand Dungarees is hoping that a new owner will help revive its sagging fortunes.

Uber acquires Postmates for $2.65 billion

The U.S. on-demand food delivery market has seen its second mega-merger in less than a month.

Gap Inc. is going national with a new business-to-business division selling face masks. 

Retail inventory valuations bounced back quickly to surprising health levels quickly in May and June.

Levi Strauss & Co. swung to a second-quarter loss as its stores and most wholesale doors were closed for most of the period due to the COVID-19 pandemic.

Online sales growth is set for another big gain this year, boosted by the COVID-19 pandemic.

Sally Beauty

Sally Beauty Holdings is encouraged by initial results for its fiscal third quarter.

Tailored Brands Inc. has been given some — but not much — breathing room as it struggles to manage its debt amid the COVID-19 pandemic.

It’s a rare bill these days that is introduced by senators from both parties.

While the recession brought on by the COVID-19 pandemic may already be easy, don’t expect a fast recovery.

With nearly all its stores reopened, Macy’s expects a gradual recovery after posting a big loss for the first quarter when its stores went dark due to the COVID-19 pandemic.

CBL & Associates has gotten a little more time to work out a debt deal. 

Look for an increased focus on hand sanitizer and other personal hygiene products as consumers prepare their back-to-school shopping lists for fall 2020. 

Lowe's Cos. is increasing its spending on employees during the COVID-19 pandemic.

Amazon frontline employees who worked during June 2020 will receive a “thank you” bonus of up to $3,000, depending on their role.

lululemon

Lululemon athletica inc. is making a major play in the fast-growing area of personalized at-home fitness.

Amazon is making a major commitment to the development of self-driving vehicles.

Macy's Inc. is reducing its huge workforce by about 3% in a restructuring move to cut costs as its business looks to recover from the impact of the COVID-19 pandemic. 

The parent company of Chuck E. Cheese has filed for Chapter 11 bankruptcy protection, citing the “financial strain” of COVID-19.

Modell’s Sporting Goods has reopened its stores for a short while before closing them permanently. 

GNC Holdings Inc. has filed for Chapter 11 bankruptcy protection with plans to close at least 800 to 1,200 stores as it looks to cut its debt and restructure amid the COVID-19 crisis.

Spending by U.S. consumers is changing as more Americans leave their homes and go into stores.

Bed Bath & Beyond Inc. has strengthened its liquidity and long-term financial position with a new credit facility.

Big Lots Inc. isn’t seeing any let-up in consumer demand.

RTW Retailwinds has received notice from The New York Stock Exchange. 

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