Tuesday Morning Joins Retail Chapter 11 Parade
The discounter's in-store sales only business model left it unable to weather the fallout from the coronavirus pandemic.
Walmart Gets Big Boost From Pandemic Panic
For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
Trump Administration Unveils Deal to Make COVID-19 Drugs in U.S.
The $354 million project is designed to reduce the country's reliance on drugs and pharmaceutical ingredients from foreign manufacturers.
JCPenney Files Chapter 11 Despite Turnaround Gains
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
Video Game Sales Hit Record $10.8B in Q1
Consumers confined to their homes by COVID-19 are turning to games not only as a diversion but also for social connection.
Denny’s Off-Premise Sales Soften COVID Impact
With dine-in sales shut down, the company has waived delivery fees, provided curbside pickup and launched shareable family meal packs.
Sony Profit Dives in Q4 as Virus Hits Electronics
CFO Hiroki Totoki says Sony's consumer electronics unit has been hardest hit by the pandemic “but the impact will expand to other businesses."
Core Inflation Posts Record 0.4% Drop in April
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
KKR Makes $750 Million Beauty Bet on Coty
The investment is the first step toward a broader deal under which KKR would acquire 60% of Coty's professional beauty and hair care business.
Marriott Takes Revenue Hit From Empty Rooms
“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
7.7% of U.S. Mortgages Now in Forbearance
Homeowners continue to take advantage of government and bank mortgage forbearance programs amid the coronavirus crisis.