Hedge fund pushes for Neiman Marcus-Saks Fifth Avenue merger

Mudrick Capital Management envisions downsizing Neiman Marcus by nearly 30 locations and using the bankruptcy process to get the job done.

By Daphne Howland • May 13, 2020

J.C. Penney makes a missed $17M payment amid reports of looming bankruptcy

The retailer avoided default on its term loan facility while it reportedly is in talks with lenders to fund it in Chapter 11.

By Ben Unglesbee • Updated May 15, 2020

Neiman Marcus says it has a plan

But can a 113-year-old bankrupt luxury department store make a comeback in the middle of a pandemic?

By Daphne Howland • May 13, 2020

Your business is essential. How do you protect workers during a pandemic?

Cleaning should be much more regular, gloves don't do much to fight coronavirus and other tips from health experts. 

By Matt Leonard • May 13, 2020

As states grapple with reopening, retail industry thinks it has a 'blueprint'

Trade groups have put together checklists and procedures for retailers as governments reopen their economies and COVID-19 continues to spread.

By Ben Unglesbee • May 12, 2020

Half of Simon's malls to reopen within a week

Nearly 80 of the developer's retail properties are already running again, and CEO David Simon told analysts there's pent-up demand from consumers.

By Daphne Howland • May 12, 2020

GNC buys time on its debt

The vitamin and supplement retailer had said it did not have the cash to pay the debt coming due and that Chapter 11 might be an option.

By Ben Unglesbee • Updated May 18, 2020

Costco's sales pinched by safety restrictions

The retailer said mandatory social distancing measures, stay-at-home orders and the closure of some of its stores decreased April traffic and sales.

By Krishna Thakker • May 11, 2020

Stage Stores files for bankruptcy with plans to liquidate, unless a savior emerges

The retailer was struggling as it tried to convert from department stores to off-price, and then the pandemic hit. Without a buyer, it plans to wind down. 

By Ben Unglesbee • May 11, 2020

Retail jobs fall by 2.1M in April

Also alarming for retailers is the government's report Friday that overall unemployment soared to 14.7%, a blow to already wary consumers.

By Daphne Howland • May 11, 2020

Staffing in a pandemic: Which retailers have furloughed, laid off or hired employees

Of 67 apparel retailers analyzed by Retail Dive, 41 have furloughed employees, while 9 have laid off employees.

By Cara Salpini • May 8, 2020

Neiman Marcus files Chapter 11

The retailer already has $675 million in debtor-in-possession financing and a $750 million exit package, but its pandemic-related challenges won't go away.

By Daphne Howland • May 7, 2020

CVS profit rockets up 41%, but warns April COVID-19 hit could persist

The company reported a significant jump in use of digital and at-home offerings in the quarter, with retail prescription home delivery up more than 1,000%.

By Rebecca Pifer • May 7, 2020

Gap Inc. has plans to reopen 800 stores by the end of May

The company last month said it may not open all of its locations after the pandemic eases, and some analysts believe that's wise.

By Daphne Howland • May 7, 2020

J. Jill downgraded on 'very dim turnaround prospects'

As COVID-19 depresses the apparel sector, the already vulnerable women's clothing specialist is burning cash and taking on extra debt.

By Ben Unglesbee • May 7, 2020

And the malls come tumbling down

A lot of shopping centers have been on the decline for years. The pandemic will prevent some from ever recovering.

By Daphne Howland • May 7, 2020

How J. Crew's bankruptcy sets the stage for a 'shakeout' in retail

The iconic company struggled for years with debt and brand missteps. Now it may be a harbinger of what's to come for distressed retailers.

By Ben Unglesbee , Daphne Howland • May 6, 2020

Roots to liquidate U.S. unit in bankruptcy

The Canadian outdoor apparel brand was already losing money on its U.S. subsidiary before a pandemic upended the sector. 

By Ben Unglesbee • May 6, 2020

Lord & Taylor reportedly prepping to liquidate

The department store is delaying a bankruptcy filing in order to hold going-out-of-business sales after stores are allowed to reopen, Reuters reported. 

By Daphne Howland • May 6, 2020

Nordstrom to close 16 full-line stores for good

The retailer also announced plans for a phased reopening of its other stores closed due to the pandemic, but didn't say when or where.

By Daphne Howland • May 6, 2020

L Brands, Sycamore call off their Victoria's Secret deal

The retailer still plans to separate its struggling lingerie brand from Bath & Body Works, but otherwise it's back to square one.

By Daphne Howland • May 5, 2020

J.C. Penney, Sephora settle dispute over shop-in-shops

The two reaffirmed their partnership after making "mutually beneficial revisions" to their agreement.

By Cara Salpini • Updated May 11, 2020

Wayfair's revenue, net loss grow in Q1

CEO Niraj Shah said shelter-in-place orders drove new customers to its site, but mounting advertising expenses threaten future profitability.

By Caroline Jansen • May 5, 2020

J. Jill reportedly hires advisers for help on balance sheet

The apparel retailer was already in distress when the pandemic shut its stores and put it in survival mode instead of working on a turnaround. 

By Ben Unglesbee • May 5, 2020

Francesca's issues 'going concern' warning

With operations stymied by the pandemic, the apparel retailer has taken several steps to save cash, but says it may need more drastic measures.

By Daphne Howland • May 4, 2020