Corporate News
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PVH may 'pack and hold' inventory until next spring
The company, which owns Calvin Klein and Tommy Hilfiger, hopes to regain the ability to sell at full price rather than dump goods to off-pricers.
By Daphne Howland • April 03, 2020 -
Target to limit traffic where necessary to ensure social distancing
The measures come as Vermont placed limits on what big-box retailers can sell in their stores.
By Ben Unglesbee • April 03, 2020 -
Ross latest to furlough workers as stores remain closed
The off-price retailer doesn't run e-commerce, making the closures necessitated by the pandemic an even greater problem than it is for most.
By Daphne Howland • April 02, 2020 -
Daphne Howland/Retail Dive
Fitch downgrades 9 retailers in a day, including Macy's, Nordstrom and J.C. Penney
Analysts with the ratings firm think sales could still be down in double digits for some retailers in 2021.
By Ben Unglesbee • April 02, 2020 -
Traffic grinds to a halt for apparel retailers, declines even for mass merchants
As stores close, e-commerce is not growing in tandem, and online discounts are shredding margins, Morgan Stanley analysts say.
By Ben Unglesbee • April 02, 2020 -
Daphne Howland/Retail Dive
Macy's dropped from S&P 500
The retailer's departure from the agency's signature index of America's largest public firms is just the latest sign of its retrenchment.
By Daphne Howland • April 01, 2020 -
J.C. Penney furloughs store and corporate staff as closures extend indefinitely
The already-stressed retailer is cutting back capital spending and tapping its revolver as it weathers an unprecedented tumult.
By Ben Unglesbee • April 01, 2020 -
Daphne Howland/Retail Dive
Neiman Marcus, Belk furlough workers and extend store closures
Like so many retailers, the privately held department stores are attempting to shore up their finances amid the COVID-19 pandemic.
By Daphne Howland • April 01, 2020 -
Daphne Howland/Retail Dive
What do department stores do now?
With too many stores and not enough customers, the segment was flirting with disaster. Then came COVID-19.
By Daphne Howland • April 01, 2020 -
Urban Outfitters says it won't pay rent
The retailer joins several others in furloughing workers, delaying projects and shoring up capital as COVID-19 brings operations to a virtual standstill.
By Daphne Howland • March 31, 2020 -
Retail furloughs snowball as Kohl's, Gap extend store closures
With stores staying shut due to the pandemic, retailers are taking various financial measures and their lowest paid employees are adrift.
By Daphne Howland • March 31, 2020 -
Williams-Sonoma owes $1M to FTC over misleading 'Made in America' claims
The company's namesake and Pottery Barn banners falsely advertised the origin of several of their products.
By Caroline Jansen • March 31, 2020 -
Taubman tells retail tenants to keep paying rent. Some may be about to skip
The mall operator reminded those in its facilities that it has its own bills to pay. But retailers are doing everything they can to preserve cash.
By Ben Unglesbee • March 31, 2020 -
Daphne Howland/Retail Dive
Macy's furloughs most of workforce as COVID-19 takes its toll
Less than a week after the department store took drastic measures to shore up its finances, the company says they won't be enough.
By Daphne Howland • March 30, 2020 -
S&P downgrades TJX, Bed Bath & Beyond on weak post-COVID-19 economy
In the short term, even strong players could be hurt. But with a recession likely ahead, off-price is well positioned, Credit Suisse analysts said.
By Daphne Howland • March 30, 2020 -
After GameStop's sales fell 28% last year, the pandemic has given it a boost
The retailer's comps are up 2% as consumers seek out entertainment and remote learning equipment.
By Ben Unglesbee • March 30, 2020 -
With zero sales from stores, a cash crunch is coming to department stores in 5 to 8 months
Cowen & Co. emphasizes liquidity, but that strength belies the reality that many stores are destined to shut for good, according to other analysis.
By Daphne Howland • March 30, 2020 -
Cara Salpini/Retail Dive
Pier 1 granted approval to temporarily skip rent, supplier payments
A similar move was taken by Modell’s a week ago, as bankrupt retailers struggle with the impacts of the coronavirus outbreak.
By Ben Unglesbee , Caroline Jansen • UPDATED: April 3, 2020 at 11:03 a.m. -
Lululemon
Lululemon pushes ahead with growth plans despite coronavirus
As a strong player in a strong sector of retail, the athletics brand isn't pulling back on its goals of doubling digital and men's by 2023.
By Cara Salpini • March 27, 2020 -
Why isn't this store closed?
Some retailers deeming themselves "essential" might think it's profitable to stay open during a pandemic. But they may be wrecking their reputations.
By Daphne Howland • March 27, 2020 -
Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption
The underlying financial position of retailers across the spectrum is at risk as retailers shutter stores en masse and face shrinking demand.
By Ben Unglesbee • March 27, 2020 -
The image by Aolden23 is licensed under CC BY-SA 3.0
Build-A-Bear furloughs over 90% of employees
The retailer, with a brand based on in-store experiences for children, is unsure how many stores will reopen.
By Daphne Howland • March 27, 2020 -
GNC has stayed open amid confusion around 'essential' retail. Some employees feel unsafe.
At least one state disagrees that the retailer is essential, while employees worry about the lack of sanitation supplies and social distancing at stores.
By Ben Unglesbee • UPDATED: March 27, 2020 at 10:31 a.m. -
B8ta announces corporate layoffs and store associate furloughs
The company is the latest to feel workforce fallout due to the COVID-19 pandemic.
By Tatiana Walk-Morris • March 26, 2020 -
Modell's bankruptcy suspended due to coronavirus store closures
The athletics retailer's liquidation sales were hampered as stores closed all over the U.S. to combat the spread of the disease.
By Cara Salpini • UPDATED: March 27, 2020 at 2:50 p.m.
