Tailored Brands, Lord & Taylor take different approaches to bankruptcyLike most retailers, Tailored Brands and Lord & Taylor were significantly impacted by the lack of foot traffic due to the COVID-19 pandemic and related shelter-in-place orders. Microsoft works with government in bid to buy TikTok in the U.S.Microsoft is in direct contact with President Trump as it negotiates to buy the business of a popular – and controversial – Chinese social media platform in the U.S. Owner of Men’s Wearhouse files for bankruptcy Tailored Brands, whose store banners include Men’s Wearhouse and Jos.A. Bank, has filed for Chapter 11 bankruptcy protection. Publix sales soar amid pandemic; stock price jumps Publix’s sales in the first half of the year increased an estimated $2.5 billion due to the impact of the COVID-19 pandemic. 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. Economic recovery ‘being tested daily,’ says NRF’s chief economist Indicators suggest that the economy has begun to recover as businesses reopen from the pandemic, but it’s uncertain how steadily the comeback will continue. 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. Report: Neiman Marcus may exit bankruptcy by year’s end Neiman Marcus Group has received conditional approval for a reorganization plan that could have it leave Chapter 11 bankruptcy in early December. 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. These states are having tax holidays in August According to RetailMeNot, 15 states are suspending sales tax during special events in August. First Previous 252 253 254 255 256 Next Last
