Though pandemic-plagued shopping center landlords all complained of some national retail chains that refused to pay rent at all, only 12% of those willing to post their monthly payments asked for abatements.
Macy's Inc. is reducing its huge workforce by about 3% in a restructuring move to cut costs as its business looks to recover from the impact of the COVID-19 pandemic.
GNC Holdings Inc. has filed for Chapter 11 bankruptcy protection with plans to close at least 800 to 1,200 stores as it looks to cut its debt and restructure amid the COVID-19 crisis.