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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.

Starbucks makes $10 million commitment to new employee relief initiative

Starbucks Corp. is expanding its efforts to help its employees around the world affected by the COVID-19 crisis. 

Erin N. Brad

Expert Analysis: Steps to Take NOW for Addressing the COVID-19 Crisis

The unprecedented COVID-19 pandemic has thrust many retailers into unchartered territory.

Big Lots

Big Lots Inc. has entered into sale and leaseback agreements on its four company-owned distribution centers.

coronavirus graphic

Ulta Beauty and At Home Group have joined the growing list of retailers who are taking additional measures to shore up their finances and reduce expenses as their stores remain closed during the COVID-19 pandemic.

Pier 1 Imports might soon become a shadow of its former self.

Nordstrom Inc. gave an update on the impact of COVID-19 in a securities filing on Wednesday.

McDonald's

McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.

executives

More retail companies are furloughing employees and announcing executive pay cuts — some to greater degrees than others — as stores remain closed indefinitely during the COVID-19 pandemic.

Piggy bank

The COVID-19 pandemic is upending U.S. retail discretionary spending, which is projected to decline by 40% to 50% in the first half of 2020.

costco

Costco Wholesale Corp. benefited from a big increase in online demand in March as its sales rose amid the COVID-19 pandemic.

Chicos’s FAS Inc. is the second retailer in recent days to adopt a limited duration shareholders rights plan after disruptions due to COVID-19 pandemic.

under armour storefront

Citing the “acute shock” to its business resulting from COVID-19, Under Armour outlined a series of cost-cutting measures as the financial toll of the pandemic rises.

ross store

Ross Stores is taking additional steps to cope with the COVID-19 pandemic.

coronavirus concept

Only 2% of retailers expect business to go back to normal in less than one month.

Walgreens storefront

Walgreens Boots Alliance provided an early look at the impact of COVID-19 on the drugstore industry during its second-quarter earnings call with analysts.

Macy’s

Macy’s Inc. is being removed from the S&P 500 Index to make way for Carrier Global Corp.

Kroger employee

The Kroger Company is increasing its efforts to reward employees working on the frontlines during the COVID-19 pandemic.

Children's Place

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. 

mens wearhouse

Tailored Brands has adopted a shareholder rights plan, or so-called poison pill, aimed at reducing the likelihood that a person or group can gain control of the retailer at its depressed share price.

ulta

Ulta Beauty Inc. joined the growing list of retailers whose stores will remain temporarily closed until “it is safe to reopen.”

publix

The dominant grocer in Florida is offering assistance to some of its neighboring businesses as the COVID-19 pandemic forces them to temporarily close their doors. 

Gap store

Gap Inc. is extending its store closures past the previously announced April 1 date to help slow the spread of COVID-19.

Kroger employee

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.

gap exterior

Gap Inc. has taken “precautionary actions” to strengthen financial flexibility in response to the COVID-19 pandemic.

Dollar General store exterior

Dollar General Corp. is giving a discount to the folks on the frontlines of fighting the COVID-19 pandemic.

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