FINANCE

Walmart leads $1.2 billion investment in Flipkart
Pier 1 in deal to sell its e-commerce business, intellectual assets
Parent company of New York & Company files for bankruptcy
Brooks Brothers gets bankruptcy loan — with zero interest
New plan could increase retailers' liquidity during pandemic downturn

Retailers welcomed a report calling for a federal backstop for trade credit insurance.
Express: Sales, traffic improving

Express Inc. is seeing some light at the end of the tunnel after closing its stores due to the pandemic.
Muji USA files for bankruptcy

Another retailer has filed for bankruptcy protection citing the impact of the COVID-19 pandemic.
Walgreens swings to $1.7 billion quarterly loss; slashes jobs in the U.K.

Walgreens Boots Alliance reported a big third-quarter loss as its profits were hurt by plunging sales in its U.K. division and COVID-related expenses, including increases costs for store cleaning.

PVH to exit its outlet-store Heritage Brands Retail business