In a closely watched retail bankruptcy case, a federal judge has granted Modell’s Sporting Goods a second suspension of its bankruptcy proceedings amid the COVID-19 crisis.
The National Retail Federation welcomed the Federal Reserve’s decision to allow larger mid-size businesses hit by COVID-19 to participate in its $600 billion Main Street Lending Program.
Tapestry reported that sales fell nearly 20% during its third-quarter as 90% of its global stores were either closed or open with reduced hours amid the COVID-19 pandemic.