Dick’s Sporting Goods Takes 29% Sales Hit
“We believe coming out of the current crisis, health and fitness will become even more important to the consumer."
Pier 1 to Liquidate After 58 Years in Business
"This is not the outcome we hoped for when we began [the Chapter 11] process, and we are deeply saddened to move forward with winding down Pier 1."
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."
Neiman Marcus Takes ‘Stunning Fall’ to Chapter 11
The luxury retailer "had been struggling with competition from online rivals and dwindling cash" before the coronavirus forced it to close its stores.
J.Crew Files for Chapter 11
The retail chain said it reached a deal with its lenders to convert $1.65 billion of debt into equity.
Retailers: Your Lenders Are Watching You
The key to survival in a recession is to anticipate a lender’s every move and every question.
Macy’s CFO Paula Price to Step Down
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.
Is the Coronavirus An ‘Existential Threat’ For Retailers?
At the best of times, many retailers were struggling to gain any footing with customers, but now it is even more difficult to survive.
Virus Expected to Slam Retail, Restaurant Sales
S&P expects "very significant disruptions and sales deterioration" through the second quarter due to store closings and economic contraction.
Modell’s Joins Sporting Goods Bankruptcy Parade
The 131-year-old company cited the “extremely challenging” retail environment in announcing it would pursue a Chapter 11 liquidation of all its 134 stores.
Wexner Sells 55% of Victoria’s Secret for $525M
The sale of Leslie Wexner's controlling stake to Sycamore Partners is "an admission that [he] couldn’t revive the fortunes" of the troubled lingerie brand.