FINANCE

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. 

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

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.

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

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. 

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

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

GameStop Corp. said it expects first-quarter sales to drop by as much as a third as the majority of its stores were shuttered due to the pandemic.