Department Store

Only 2% of retailers expect business to go back to normal in less than one month.

Taubman Centers, one of the largest owners of malls in the United States, is demanding rent from tenants even though their properties are shuttered during the coronavirus pandemic.

A Canadian grocer and German department store retailer are leveraging Google Cloud resources on the front and back ends of the enterprise.

Macy’s Inc. is being removed from the S&P 500 Index to make way for Carrier Global Corp.

The nation’s biggest, which had temporarily closed all of its properties, is now shedding nearly a third of its workforce.

Pennsylvania’s largest owner of enclosed malls has taken actions to strengthen its balance sheet and create $300 million in incremental liquidity.

More retailers are furloughing employees and taking other measures to shore up liquidity as they extend store closings amid the COVID-19 crisis. 

Tailored Brands has adopted a shareholder rights plan, or so-called poison pill, aimed at reducing the likelihood that a person or group can gain control of the retailer at its depressed share price.