Retail Sales Set Dismal Tone for the COVID-19 Recession
It is no secret that the economy is in a tailspin due to the impact of the COVID-19 pandemic, but sometimes the economic numbers are shocking when they are released, even when the public…
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Can JC Penney Avoid Bankruptcy?
J.C. Penney has reportedly hired advisers who specialize in reorganizing the finances of a struggling company. The venerable retailer may be unable to avoid bankruptcy protection, according to some sources.
JC Penney in Deep Trouble: Here’s How Many Stores in Each State
J.C. Penney has posted deeper and deeper declines in revenue and now it may go bankrupt. Whether it will be able to continue to operate or it faces the liquidation of its assets, it…
Is Neiman Marcus on the Verge of Bankruptcy?
It’s a tough time to be an apparel and fashion retailer. On top of millions of people people having become jobless, many retail destinations have been deemed non-essential and have been forced to be…
Teetering Macy’s Gets Help From Lazard
Macy's has reportedly hired an investment bank to help it figure out how to maintain liquidity during a period when essentially all its stores are closed.
What Costco’s First Month of the Pandemic Looks Like
Costco reported its March numbers late on Wednesday, and not surprisingly the results for the first full month of the pandemic were incredible.
TJX Joins Growing List of Retailers Furloughing Employees
TJX says it will furlough a majority of its employees, most from its stores and distribution centers, but top executives will not get by unscathed.
Does JCPenney Stock Have Time to Switch to E-Commerce?
J.C. Penney stock was doing poorly before this crisis, and things have only gotten worse. Will the retailer get on board with the e-commerce trend before it’s too late?
Limit on Customer Traffic Likely to Undermine Walmart’s Success
Walmart Inc. (NYSE: WMT) is among the few huge American companies which have found a measure of success as COVID-19 spreads across the country. Its 4,756 stores have stayed open. Its Super Centers are…
Isn’t Chewy Supposed To Be a Stay-at-Home Economy Winner?
Investors have been rewarding companies in a down stock market if they can withstand the new stay-at-home economic impact. On the flip side, investors have been punishing the companies which are falling behind in…
How Walgreens Earnings Are Holding Up Against COVID-19
Walgreens Boots Alliance released better than expected fiscal second-quarter financial results before the markets opened on Thursday.
Customers Who Flocked to Big-Box Stores Now Staying Away: Will They Return?
Traffic to big-box stores like Walmart, Costco and Target jumped in the first part of March but declined as stay-at-home orders were widely implemented. Will the traffic return or are consumers going to continue…
Gap and Urban Outfitters Join Growing List of Furloughing Companies
Gap and Urban Outfitters are the newest retailers joining the list of companies that are furloughing employees in the wake of the COVID-19 pandemic.
Macy’s Furloughs Most of Its 125,000 of Employees
Department store operator Macy’s announced on Monday that it will furlough a “majority” of its employees as a result of ongoing concerns about the coronavirus pandemic.
Does a Worker’s Strike Mean Disaster for Amazon?
Workers at Amazon's huge Staten Island, New York, warehouse may go on strike. What will happen to homebound people if they start to lose access to the inventory that Amazon ships?