FINANCE

In ‘first-of-its-kind’ order, Modell’s bankruptcy suspended due to COVID-19

The novel coronavirus has had an unexpected result.
Party City extends store closures, taps into credit

Party City Holdco Inc. is extending the temporary shuttering of its stores.
Lululemon Q4 sales, earnings beat Street but provides no guidance

Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales.
Build-A-Bear Workshop furloughs over 90% of workforce; reduces pay for remaining staff

Build-A-Bear Workshop furloughed the majority of its workforce, with the employees receiving benefits but not “direct compensation,” effective March 29.
Gap Inc. reduces cap expenditures, postpones dividend payment, taps credit line

Gap Inc. has taken “precautionary actions” to strengthen financial flexibility in response to the COVID-19 pandemic.
Lowe’s hiring 30,000; giving out bonuses; takes new store safety measures

Lowe’s is taking new preventative measures and announced an additional $80 million commitment in response to the coronavirus pandemic.
Nordstrom furloughs some corporate workers; extends store closures

The Nordstrom brothers are declining to take a salary from April through September.
Wendy’s drive-thru business leaps to 90% of overall sales mix

A business update on Thursday by The Wendy’s Company revealed the impact of COVID-19 pandemic on the company's business and quick-service restaurant segment as a whole.

Ulta Beauty expands store closings; DC workers to get $2-per-hour raise