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Target on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak. The big-box retailer said it now plans to remodel only about 130 stores in 2020, down …
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Neiman Marcus is reportedly considering bankruptcy as the luxury retailer wrestles with massive debts and coronavirus-related store closures. The Dallas-based company is in discussions with lenders about filing for bankruptcy, which could allow it to keep operating and reduce its debts while it works to cut costs, Bloomberg News reported Monday. Neiman Marcus has not …
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The Pennsylvania Supreme Court dismissed a lawsuit filed by a gun shop that challenged Gov. Tom Wolf’s authority to shutter businesses determined to be “non-life-sustaining,” paving the way for enforcement to begin Monday. Without comment, a majority of the state’s high court late Sunday denied the petition by a gun shop, a gun purchaser and …
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Macy’s on Tuesday joined Nordstrom to temporarily close all of its stores in the US, due to the coronavirus pandemic. Nordstrom said on Monday it would temporarily shut its stores in the US and Canada and withdrew its fiscal 2020 forecast. Macy’s, which owns more than 800 stores, said it would continue to operate its …
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US sportswear giant Nike Inc said on Sunday it is closing all of its stores in the United States and several other countries to limit the spread of the coronavirus. Nike stores in Canada, Western Europe, Australia and New Zealand will be closed from March 16 to 27, the company said in a statement. However, …
Target on Wednesday withdrew its financial outlook and said it would scale back on planned investments to focus on meeting surging demand as Americans stock up on essentials and stay home to slow the spread of the coronavirus outbreak. The big-box retailer said it now plans to remodel only about 130 stores in 2020, down …
