FINANCE

Sephora and J.C. Penney have patched up their differences.

One of the top nation’s top owners of necessity-based centers claims to have fared well through the pandemic-afflicted first quarter.

The Aldo Group Inc. wants to restructure its debt via bankruptcy.

In a move that was not unexpected, Neiman Marcus Group has filed for bankruptcy with an agreement that will eliminate about $4 billion of its debt and make its creditors the majority owners of its business. 

With some governors lifting stay-at-home orders across the country, economic recovery from the COVID-19 pandemic is likely to come gradually and may vary by location.

CVS Health reported surging earnings and revenue above Wall Street estimates as customers stockpiled medications and other essentials ahead of the spreading COVID-19 pandemic. 

Office Depot Inc. came fast out of the gate in its first quarter, with increased demand for its goods and services amid COVID-19. But it isn’t taking any chances.

Closing 16 of its full-line stores – around 14% of the total store base – is a significant move by Nordstrom.

In starting its new fiscal year, Wayfair’s results make it clear that the company has failed to turn over a new leaf.

Wayfair Inc.’s sales grew nearly 20% in its first quarter as Americans spruced up their homes during the COVID-19 outbreak.