April 20, 2020
Shuttered Stores Slash Prices, But Consumers Aren’t Spending
Black Friday isn’t until Nov. 27, but clothing retailers, including Nordstrom, J.Crew, Macy’s, Neiman Marcus and others, are offering deep discounts to unload tens of billions of dollars of unsold...
April 14, 2020
Jeans Maker True Religion Files For Chapter 11 Bankruptcy
Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. The court filing took place in Delaware on Monday, April...
April 09, 2020
New Data Says Department Stores Have 40 Percent Chance Of...
Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t seem to dispute his opinion....
April 09, 2020
US Unemployment Claims In Last Week Expected To Hit 5.25...
With the coronavirus pandemic forcing people out of work in every sector of the economy, unemployment claims are likely to rise by another 5.25 million since last week, according to...
April 07, 2020
Extra Federal Benefits Ease Layoff Decisions For Employers
Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19 pandemic. According to a report...
April 07, 2020
Macy’s CFO To Leave, External Search Underway For Replacement
With a transition on its management team underway, Macy’s announced that Executive Vice President and Chief Financial Officer Paula Price will be departing the company as of May 31. The...
March 30, 2020
Neiman Marcus To Stay Closed Through April 30; Lays Off...
After closing its stores earlier this month because of the coronavirus pandemic, luxury fashion retailer Neiman Marcus will now have to furlough some of its workers until further notice, according...
March 30, 2020
B2B Payment Terms In Flux Amid Market Volatility
Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to...
March 18, 2020
Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
Large department stores such as Macy’s and Bloomingdale’s have shut down their New York City locations to avoid the large congregations of people usually inside their massive spaces spreading the...