Luxury Retailer Neiman Marcus Formally Enters Bankruptcy Protection
Neiman Marcus is not the first retailer to enter into bankruptcy protection in this recession. It likely will not be the last.
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How Much Does JC Penney Stock Depend on Sephora Counters?
Sephora has been the exclusive cosmetics provider for J.C. Penney since 2009, but the relationship has recently soured.
Why a Net Loss Didn’t Hold Wayfair Back in Q1
Wayfair reported its most recent quarterly results before the opening bell on Tuesday, including a better than expected net loss.
At JC Penney, Gap, Macy’s, 342,000 Jobs Are at Risk
J.C. Penney, Gap and Macy's are all on the ropes. Together they employ more than 340,000 people, and their fates depend on how long the economy is shut down.
Will Anyone Show Up At Macy’s 775 Stores?
Over the next two months, Macy’s Inc (NYSE: M | M Price Prediction) will open all 775 of its stores. This includes its Bluemercury outlets. The company’s CEO Jeff Gennette says he does not…
Where Will NASCAR’s 47,000 Fans Go?
NASCAR will restart its race schedule on May 17 with a 400-mile race at Darlington Raceway. The track holds 47,100 fans. The seats will be empty as protection against the spread of COVID-19. What…
Worker Illness Could Sideline Amazon’s Success
Amazon's management faces what could be an insurmountable enemy: illnesses among its own workers and their desire to be protected from illness.
How COVID-19 May Make JC Penney Stock Worthless
Just like the coronavirus affects people weakened by chronic health problems, the pandemic also has a more profound effect on companies that are financially weak. J.C. Penney continues to mull a bankruptcy filing.
JC Penney Another Step Closer to Bankruptcy Filing
A report that J.C. Penney is discussing debtor-in-possession financing with a group of lenders has led to a wave of selling for an already-decimated stock.
Good News and Bad From Target
Mega-retailer Target said Thursday that online sales are booming, while store sales have been hurt by lockdowns related to COVID-19. But robust sales are challenging margins.
Sycamore and Victoria’s Secret: When Is a Deal Not a Deal?
Private equity firm Sycamore Partners has filed suit to nullify its agreement to acquire a controlling stake in the Victoria's Secret brand from L Brands.
Online Appliances and Furniture Seller 1847 Goedeker Files for IPO
During the peak of the panic selling just a month ago, many investors were in the midst of bracing for the bear market to turn into a full blown stock market crash. There were…
If Macy’s Wants to Issue Debt Backed by Real Estate, How Valuable Is the Property?
Retailer Macy's is reportedly considering issuing new debt backed by some of its owned real estate. How that property will be valued could mean the difference between survival and extinction for the venerable store.
Walmart and Amazon Hire as Many Employees as Economy Added in Best Months
In the strongest months as the economy recovered from the Great Recession, America added between 150,00 and 350,000 jobs a month, according to the BLS. In an average month, that number was closer to…
Is Bed Bath & Beyond Viable After Q4 Earnings?
Bed Bath & Beyond stock soared after the retailer reported its fiscal fourth-quarter financial results.