Department Stores

Macy’s Could Raise Up To $5B In Debt Amid COVID-19
Macy’s Could Raise Up To $5B In Debt Amid COVID-19
April 22, 2020  |  Retail

To contend with the COVID-19 pandemic, Macy’s is considering raising up to $5 billion worth of debt. The retailer will look to bring in $3...

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy
Jeans Maker True Religion Files For Chapter 11 Bankruptcy
April 14, 2020  |  Retail

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. The court filing took place...

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New Data Says Department Stores Have 40 Percent Chance Of Defaulting
New Data Says Department Stores Have 40 Percent Chance Of Defaulting
April 09, 2020  |  Retail

Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t...

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Bankruptcies Sprout On Both Sides Of The Pond
Bankruptcies Sprout On Both Sides Of The Pond
April 06, 2020  |  Retail

The dreaded “B” word has been circulating with more weight and frequency, as the week opens with nonessential retailers reckoning with life during the contagion....

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Analysts: US Department Stores Can Ride Out COVID-19 Crisis For Several Months
Analysts: US Department Stores Can Ride Out COVID-19 Crisis For Several Months
March 27, 2020  |  Coronavirus

America’s department stores are struggling, but some have the ability to ride out the coronavirus crisis for about eight months before liquidity becomes an issue,...

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Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
March 18, 2020  |  Coronavirus

Large department stores such as Macy’s and Bloomingdale’s have shut down their New York City locations to avoid the large congregations of people usually inside...

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Nordstrom’s Small-Format Stores, Services Engage Shoppers
Nordstrom’s Small-Format Stores, Services Engage Shoppers
March 04, 2020  |  Earnings

As Nordstrom reported fourth-quarter results that fell below analyst estimates, shares plummeted on the news – but the department store retailer highlighted a bright spot with...

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Macy’s Woes Add To Tough Week For Malls
Macy’s Woes Add To Tough Week For Malls
February 05, 2020  |  Retail

It’s been a tough week for malls. First, mall tenant Forever 21 was bought out by its landlords. Then, Sephora launched one of the most...

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Kohl’s CEO Defends Amazon’s Role In Helping Drive Traffic, Sales
Kohl’s CEO Defends Amazon’s Role In Helping Drive Traffic, Sales
January 13, 2020  |  Retail

How good of a pal is Amazon to other retailers? That’s the question getting traction over the last few days, thanks to the less-than-stellar holiday...

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