Target extends $2-per-hour wage hike Target Corp. is extending the temporary hourly wage increase it enacted in response to the COVID-19 crisis to July 4. Report has Amazon in talks with J.C. Penney; bankrupt chain to close 242 storesAmazon is said to be a contender for either all or parts of J.C. Penney, according to an exclusive report by WWD. Who’s paying rent and who’s not? (Staples paid!) News outlets reported in early April that Sycamore Partners refused to pay April rents for its Staples stores during the pandemic, even though the stores remained open. J.C. Penney makes interest payment as it explores bankruptcy J.C. Penney Co., as of Friday, is continuing to explore its strategic alternatives. Retail sales in record drop in April, with clothing taking the biggest hit Consumer spending nosedived in April as the COVID-19 pandemic drove record unemployment and caused many states to continue stay-at-home orders. Analysis: Only bright spots in April were online, grocery In April, total retail sales plummeted by 20.9% on a year-over-year basis. Dillard’s Q1 sales fall 47%; reopening 116 more stores next week Dillard’s reported a smaller fiscal first-quarter loss than analysts had expected and also said it is starting to reopen its stores. Starbucks seeks rent relief for next 12 months Starbucks is asking its landlords for a break on rent as COVID-19 takes a toll on sales. Macerich posts positive Q1 results through February Macerich put a positive spin on its first-quarter financial results by cutting the period short in reporting some measures. Amazon top exec calls for federal price gouging law Amazon wants Congress to establish a federal price-gouging law, saying that the legislation is needed to protect consumers. First Previous 340 341 342 343 344 Next Last
