Tailored Brands expects to close up to 500 stores “over time” and reduce its corporate workforce as a result of business disruptions from the COVID-19 pandemic.
CBL Properties, the owner and operator of more than 100 enclosed malls that built its first mall in Texas in 1979, is reported to be preparing a Chapter 11 filing.
Nearly half (46%) of U.K. shoppers think that COVID-19-influenced safety measures put in place by supermarkets and retail stores have been inadequate and poorly managed.