Under Armour stands by accounting practices despite Wells Notices

The SEC told the retailer it may take action for violations of federal securities laws. Under Armour likely has 30 days to convince the SEC otherwise.

By Cara Salpini • July 28, 2020

Tailored Brands says bankruptcy 'likely'

A filing could come as early as the next quarter, which starts Sunday. The retailer warned it could default on its debt and may not be able to pay rent.

By Daphne Howland • July 28, 2020

Francesca's sees itself on 'right path forward' after COVID-19 hammered sales

The apparel retailer is a case study in uncertainty as it offers relatively optimistic guidance after being forced to re-close stores in California.

By Ben Unglesbee • July 28, 2020

Lands' End issues 'going concern' warning as it looks to refinance debt

The apparel seller is in talks to refinance its debt, which will likely be key to staying out of bankruptcy court as the brand weathers COVID-19 disruptions. 

By Ben Unglesbee • July 27, 2020

Walgreens CEO to step down

During his five-year tenure after the drugstore's merger with U.K.'s Boots, Stefano Pessina oversaw a failed attempt to take over rival Rite Aid.

By Daphne Howland • July 27, 2020

Bankrupt Ascena to close more than 1K stores

The court agreed to the closure of more than 600 of tween brand Justice's stores and all 264 Catherine's plus stores, with yet more possible.

By Daphne Howland • July 27, 2020

Target to close for Thanksgiving, double down on same-day services

The retail giant will also start its holiday deals in October to reduce crowds and said the changes were made in anticipation of a "very different" holiday season.

By Ben Unglesbee • July 27, 2020

Which retailers have taken the hardest financial hits from COVID-19?

Lost sales, burned cash, new debt — even healthy retailers have become more vulnerable after eating into their financial cushions. 

By Ben Unglesbee • July 27, 2020

Two longtime Foot Locker execs retire as part of organizational restructuring

Lew Kimble and Jake Jacobs are both retiring at the end of August, but both were on the short-list to replace Richard Johnson as CEO, one analyst said.

By Cara Salpini • July 24, 2020

Neiman Marcus gives up on Hudson Yards after just over a year

The department store will also permanently close three other stores, in Florida and Washington state, according to a bankruptcy court filing Thursday.

By Daphne Howland • July 24, 2020

Simon Property Group, Authentic Brands bid $305M for Brooks Brothers

The 202-year-old clothier is the latest retail tenant that could be acquired by its landlord in an effort to salvage rent.

By Daphne Howland • July 24, 2020

Walmart to expand health centers to Florida next year

The retail giant has expanded its healthcare presence during the pandemic and plans to open additional clinics in Georgia this year and possibly Chicago.

By Rebecca Pifer • July 24, 2020

Rent the Runway hires new chief technology, people officers

The appointments come after the fashion rental company's former CTO and president departed earlier this year. 

By Tatiana Walk-Morris • July 23, 2020

Adevinta acquires eBay Classifieds for $9.2B

The companies said they expect to complete the deal by next year. 

By Tatiana Walk-Morris • July 23, 2020

Retail REITs may not recover until 2022, S&P says

Store closures, bankruptcies and wary shoppers mean cash flow disruptions for major landlords. 

By Ben Unglesbee • July 23, 2020

How Ascena went bankrupt

The retailer went big in the new millennium, even as clothing sales growth shrank. Its Chapter 11 filing Thursday isn't just about the pandemic.

By Daphne Howland • July 23, 2020

Nike to lay off 'at least' 500 employees at Oregon headquarters

As part of an effort to streamline its organization, the athletics retailer will cut jobs, resulting in up to $250 million in termination costs.

By Cara Salpini • Updated Aug. 3, 2020

Retailers join forces in bid to replace the plastic bag

Target, Walmart and Kroger are part of a newly formed, $15 million "Beyond the Bag" program.

By Sam Silverstein • July 23, 2020

Walmart to close on Thanksgiving

The retailer framed the decision to close U.S. stores on the holiday — for the first time in more than 30 years — as a gesture of thanks to employees.

By Ben Unglesbee • July 22, 2020

Ulta to 'proactively' close 19 stores, open 30 new ones

The retailer reduced its new store projection for the year and said it plans to take advantage of "new real estate opportunities" created by COVID-19.

By Cara Salpini • July 22, 2020

Neiman Marcus launches virtual hub as customers remain wary of indoor shopping

The 113-year-old retailer piloted remote services over a year ago, which is handy now as it works its way out of bankruptcy during a pandemic.

By Daphne Howland • July 22, 2020

Tapestry CEO abruptly resigns

CFO Joanne Crevoiserat takes over in the interim as the company works to replace Jide Zeitlin.

By Daphne Howland • Updated July 23, 2020

Sephora to cut 117 jobs in restructuring

Some of the roles come from its J.C. Penney partnership as the pandemic pushed the beauty retailer to accelerate a review of its corporate structure.

By Cara Salpini • July 21, 2020

Tailored Brands to close up to 500 stores, slash corporate workforce 20%

The Men's Wearhouse owner also announced the departure of its CFO and the creation of a new chief restructuring officer role.

By Kaarin Moore • July 21, 2020

Nordstrom lays off 521 in Seattle

After closing 16 full-line stores and withholding rent, the retailer has said it's working to cut non-store expenses by 20%. 

By Daphne Howland • July 21, 2020