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The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis...
New York City fashion boutique Nili Lotan has a client list that reads like the front row at Fashion Week (back when such events were still held). Among them: Gigi Hadid, Kendall Jenner, Christy Turlington, Jennifer Lawrence and Julianne Moore. As a result of the...
It was a tumultuous week for fashion retail and department stores. J.Crew and Neiman Marcus filed for bankruptcy, and we could soon see more big names formalizing what has been an almost foregone financial conclusion as a result of store closings and COVID-19 chaos. Next...
After JCPenney sought a court order to keep Sephora in its locations, the companies said they have “reaffirmed” their partnership to run Sephora inside of the department store. The relationship will remain in place and both companies are “focused on delivering [an] exciting beauty experience...
After opening retail locations in four states, Kohl’s said it intends to open stores in 10 more states on Monday (May 11) as it follows a phased approach to retail reopening. The company said in an announcement that it will also open further retail locations in...
Brookfield, which owns stake in numerous malls and related properties, is going to spend $5 billion to try and get the industry back on track after the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. Get the Full Story Complete the form...
Neiman Marcus’s bankruptcy filing on Thursday (May 7) may go unnoticed by many consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
