Department Store

80% of national brand tenants paid their rents in July

While states use case counts to measure the tenure of the COVID-19 pandemic, landlords use rent checks--and they got lots more of them last month.
J.Jill inches closer to bankruptcy as it extends forbearance — again

J.Jill received more breathing room on the day that its forbearance agreements were set to expire.
J.C. Penney lenders reportedly looking for higher bids

The bids that have come in for bankrupt J.C. Penney are reportedly lacking a bit.
Express ‘encouraged’ by early Q2 results

Express provided an upbeat assessment of its second-quarter results to date.
Tailored Brands, Lord & Taylor take different approaches to bankruptcy

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.
Bankrupt parent of New York & Company sells e-commerce businesses

New York & Company will continue to do business, if only online.
5Qs for Matt Soffair on how the UK’s coping with COVID-19

We had the chance to speak with Legal & General Investment Management's retail research manager, Matt Soffair, to find out how the crisis has altered the course of retail there.
Plunge in retail rents continue on Fifth Avenue and other luxury shopping sites

Average asking rents along 16 high-yield retail corridors in Manhattan were $688 per square foot during the quarter ending on June 30.

Macy’s calls for brand ambassadors