Financial/Banking

The bids that have come in for bankrupt J.C. Penney are reportedly lacking a bit.

Like most retailers, Tailored Brands and Lord & Taylor were significantly impacted by the lack of foot traffic due to the COVID-19 pandemic and related shelter-in-place orders.

Global Payments Inc. is building an issuer processing platform on Amazon’s Amazon Web Services (AWS) cloud infrastructure.

Indicators suggest that the economy has begun to recover as businesses reopen from the pandemic, but it’s uncertain how steadily the comeback will continue.

Neiman Marcus Group has received conditional approval for a reorganization plan that could have it leave Chapter 11 bankruptcy in early December.

A fast-casual dining chain is filing for voluntary Chapter 11 protection as part of a restructuring effort.

The Retail Industry Leaders Association (RILA) endorses a liability reform provision included in the latest proposed coronavirus stimulus package.

A private equity group is reportedly bidding $1.75 billion to purchase the bankrupt J.C. Penney department store chain.