Patagonia CEO Rose Marcario steps down

In her tenure, Marcario was "instrumental in leading the company through the most prosperous time in its 47-year history," the retailer said.

By Cara Salpini • June 11, 2020

Tailored Brands says it may have to file bankruptcy if COVID-19 crisis wears on

The Men's Wearhouse and Jos. A. Banks owner had started to make progress on its turnaround when COVID-19 threw it into crisis. 

By Ben Unglesbee • June 11, 2020

Simon pulls out of $3.6B Taubman deal

In response, Taubman called the termination notice "invalid and without merit," saying Simon remains "bound to the transaction in all respects."

By Daphne Howland • Updated June 10, 2020

Apparel margins take a hit as retailers face a new future

Reopenings are boosting clothing sales due to pent-up demand, but specialty and department stores will keep some doors shut for good.

By Daphne Howland • June 10, 2020

Bloomberg: RTW Retailwinds preparing to close all stores in bankruptcy filing

The company, owner of New York & Co., indicated previously it had defaulted on multiple financial obligations after COVID-19 hit.

By Ben Unglesbee • Updated June 22, 2020

Signet to close nearly 400 stores

The jewelry retailer said it's accelerating a planned shift to emphasize e-commerce, but digital sales didn't do much to stem declines in the first quarter.

By Daphne Howland • June 9, 2020

Bloomberg: Tailored Brands mulls bankruptcy

The retailer has brought on advisers including the law firm Kirkland & Ellis following the temporary closure of its store base. 

By Ben Unglesbee • June 9, 2020

Macy's store reopenings 'better than anticipated'

The retailer, with about 450 stores running again, also closed on new financing that gives it "sufficient liquidity" for the needs of the business.

By Daphne Howland • June 9, 2020

Permanent store closures could hit 25K in 2020, Coresight says

That number would shatter 2019's record as the retail industry navigates trends accelerated by the COVID-19 crisis. 

By Ben Unglesbee • June 9, 2020

What's Victoria's Secret's next move?

The lingerie brand faces a new set of obstacles, including a lawsuit and a flailing U.K. operation. And it may have to get a lot smaller.

By Daphne Howland • June 8, 2020

Gap to shutter Hill City brand

The men's athletics brand was built in the image of Athleta, but COVID-19 forced the company "to ruthlessly prioritize and reduce operating expenses."

By Cara Salpini • June 8, 2020

Reuters: Sycamore Partners in early acquisition talks with J.C. Penney

With the bankrupt department store chain's fate in the air, a private equity deal could save it from liquidation if Penney can't forge a plan with lenders. 

By Ben Unglesbee • June 8, 2020

Gap Inc. Q1 loss nears $1B

The retailer's namesake was hit especially hard, but each brand's unique woes helped drag it behind peers in a difficult period for apparel.

By Daphne Howland • June 5, 2020

G-III edges away from retail with plans to liquidate all Wilsons Leather and G.H. Bass stores

The company will shift its focus to its wholesale business as weak apparel growth is further eroded by temporary store closures during the pandemic.

By Daphne Howland • June 5, 2020

GameStop's e-commerce sales rose 519% amid closures

The digital gains weren't enough to offset a 30% drop in comparable sales.

By Ben Unglesbee • Updated June 10, 2020

J.C. Penney begins liquidation sales at 136 stores in 37 states

The department store previously announced the permanent closure of 154 stores as it works its way through Chapter 11.

By Ben Unglesbee , Daphne Howland • Updated June 18, 2020

Simon Property Group reportedly takes Gap to court over unpaid rent

Gap Inc. didn't remark on any lawsuit, but confirmed that it's working toward rent concessions that are make-or-break for some stores.

By Daphne Howland • Updated June 5, 2020

LVMH takes a new look at proposed $16.2B Tiffany merger

The luxury house may try to cut its purchase price in light of the pandemic and now civil unrest in the U.S., but analysts doubt the deal will collapse.

By Daphne Howland • June 4, 2020

Bloomberg: Ascena mulling a potential bankruptcy

The retailer is considering selling some of its banners, including Catherines.

By Ben Unglesbee • Updated June 8, 2020

Former Tommy Hilfiger CEO to lead Hugo Boss

Daniel Grieder left Tommy Hilfiger and PVH Europe earlier this month, and begins a five-year stint as CEO of the German luxury brand next year.

By Daphne Howland • Updated June 17, 2020

RTW Retailwinds says bankruptcy is 'probable'

Since the COVID-19 crisis, the owner of apparel retailer New York & Co has defaulted on contracts with landlords, vendors and likely its bank. 

By Ben Unglesbee • June 3, 2020

From shipments to cash flow, pandemic uncertainty makes reopening harder

Nobody really knows how to forecast the next phase of the COVID-19 crisis without precedent. Getting it wrong could wreak havoc on retailers' operations.

By Ben Unglesbee • June 3, 2020

Brands scramble to make statements as protests continue

But how those messages are received depends on the core values of the business, experts say.

By Daphne Howland • June 2, 2020

Stitch Fix to lay off 1,400 employees

The company is letting go of its California stylists as it moves to hire around 2,000 in other parts of the country. 

By Kaarin Moore • June 2, 2020

Bankrupt Neiman Marcus breached its loan terms, lender says

Deutsche Bank raised concerns that inventory backing the luxury retailer's asset-based credit line was overvalued by tens of millions of dollars. 

By Ben Unglesbee • June 2, 2020