FINANCE

Retail and restaurant companies must take an aggressive, multifaceted approach to health and safety.

Macy’s sounded a confident note in its preliminary sales and earnings results for the first quarter as COVID-19 restrictions loosen and customers start to return to its stores. 

Macy's Inc. said it raised a total of $4.5 billion, providing it with sufficient liquidity to fund operations and address business needs as the economy starts to recover from the COVID-19 pandemic.

Gap Inc. is shutting down a direct-to-consumer men's performance activewear brand it launched in fall 2018.

The U.S. retail sector could take years to recover from the impact of COVID-19, and the hit could be worse than that of the Great Recession. 

Consumers are starting to increase their online spending across traditional retail categories. 

Private equity firm Sycamore Partners is in early talks to take J.C. Penney out of bankruptcy if the retailer’s negotiations with its creditors fail, reported Reuters.

One of the country’s oldest apparel retailers may be moving closer to bankruptcy.

Caleres Inc., whose brands include Famous Footwear, Sam Edelman, Allen Edmonds and more, posted a wider than expected first-quarter loss.

The British arm of Victoria's Secret has fallen into administration, which is the equivalent of a bankruptcy proceeding in the U.S.