retailers

Gap Inc. warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally. The apparel retailer also said it had suspended rent payments for shuttered stores, and was in talks with …

Walmart said it is creating one-way aisles at its massive superstores beginning Thursday in a bid to stem the spread of coronavirus. “One-way aisles are designed to increase social distancing and give customers more space on each aisle,” Walmart explained in a Facebook post this week. “There will be floor decals in place to help …

J.C. Penney is exploring filing for bankruptcy protection after the coronavirus pandemic forced the US retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter. The Plano, Texas-based company has access to enough cash to survive in the months ahead, even as revenue dries up because …

Saks Fifth Avenue is mapping out what its stores will look like post-coronavirus — and the plan includes sales associates who will wear fashionable masks while passing out little bottles of hand sanitizer. Executives at the swanky retailer — owned by Canada-based Hudson’s Bay Company — have been drawing up a “re-entry plan” as the …

JCPenney has approached consulting firm AlixPartners as the US retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak that has forced …

Another business has been hit by the ongoing coronavirus pandemic. On Wednesday, Dick’s Sporting Goods announced that keeping its doors open has proven difficult while there are no sports or any physical activity going on during the lockdown. Beginning Sunday, the retail giant will furlough almost 40,000 employees and keep only a “small number” of …

Animal rights group PETA is on a shopping spree — for cheap stocks. People for the Ethical Treatment of Animals scooped up shares in nearly two dozen apparel companies, including Ralph Lauren, Urban Outfitters, Guess and Ugg owner Deckers Outdoor Corporation for the right to attend their shareholder meetings and pressure them into giving up …

Essential coronavirus items: milk, bread, sanitizing wipes … and scented candles? Retail giant Bath & Body Works, known for its perfumed lotions and body washes, has a grand plan to reopen its doors during the coronavirus outbreak by proving itself an “essential” business, The Post has learned. The company, owned by Victoria’s Secret parent L …

The city at the center of China’s virus outbreak was reopening for business Monday after authorities lifted more of the controls that locked downs tens of millions of people for two months. “I want to revenge shop,” one excited customer declared as she traversed one of Wuhan’s major shopping streets, Customers were still scarce, though, …

Bankrupt home-furnishings chain Pier 1 Imports has canceled plans to auction off its stores and other assets this week, according to court documents. The Fort Worth, Texas-based retailer pulled the plug on an auction that was slated for Tuesday “in light of the COVID-19 pandemic, increasing government shut-downs and overall unstable market conditions,” according to …