ICSC’s McGee asks Congress to create fund for ailing retail businessesInternational Council of Shopping Centers president Tom McGee has urged Congress to pass a recovery fund bill for businesses debilitated by the coronavirus pandemic. Brooks Brothers, Under Armour using factories to make medical suppliesBrooks Brothers and Under Armour joined the growing list of retailers who are using their facilities to make badly-needed medical supplies for frontline healthcare workers in the wake of the novel coronavirus. Gap Inc. furloughs store employees; exec team takes pay cut Gap Inc. is extending its store closures past the previously announced April 1 date to help slow the spread of COVID-19. Stage Stores furloughs all but 80 employees; reduces exec pay With all its stores temporarily closed, Stage Stores has furloughed virtually its entire workforce in response to the COVID-19 crisis. Hibbett Sports names CFO Hibbett Sports has found a permanent finance head. Kohl’s furloughs store employees; CEO forgoing salary; cuts cap expenditures Kohl’s is joining Macy's Inc. in furloughing a good deal of its workforce and cutting capital expenditures as it extends store closings in the wake of the COVID-19 outbreak. Lululemon Q4 sales, earnings beat Street but provides no guidance Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales. 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. Coach parent extends store closures, employee pay; cutting costs Tapestry is keeping its store doors closed for another two weeks, at least. Tailored Brands furloughs all U.S. store workers, extends closures, cuts exec pay The parent company of Men’s Wearhouse and Jos. A. Banks, is extending the temporary closure of its stores for several more weeks. First Previous 452 453 454 455 456 Next Last
