FINANCE

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.

Arcade to Match Up to $20,000 towards Employee Incentive Programs

Find out how Arcade can help you motivate your team post-lockdown.

Gap in new B2B business: making masks

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

Retail inventory valuations bounced back during re-openings

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

Levi’s Q2 sales fall 62%; cutting 15% of corporate workforce

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.

U.S. e-commerce to grow 18% in 2020, according to eMarketer

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

Sally Beauty sees ‘strong’ demand in reopened stores

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

Parent company of Men’s Wearhouse misses interest payment

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

Senate bill would penalize retailers for not accepting cash

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

NRF Chief Economist: ‘The recovery will be slow’

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

Macy’s swings to Q1 loss; not expecting another full COVID-19 shutdown

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 in forbearance over skipped loan payment

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

Survey: Back-to-school shopping lists to look different this year amid COVID-19

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 providing another bonus to employees

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

Amazon will spend over $500 million thanking frontline workers for June service

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

Lululemon to acquire start-up for $500 million

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

Amazon to buy self-driving vehicle startup for reported $1.2 billion-plus

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

Macy’s slashes corporate, management jobs in restructuring due to COVID-19

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.

Restaurant chain popular with young kids files for bankruptcy

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

Liquidation sales resume at Modell’s Sporting Goods

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

GNC files for bankruptcy; plans to sell itself

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.