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Discount retailer Tuesday Morning files for bankruptcy, to shut 230 stores
News 9 hours ago
Discount retailer Tuesday Morning files for bankruptcy, to shut 230 stores

The company said it plans to shut a third of its nearly 700 stores. It joins Neiman Marcus, J. C. Penney, J.Crew and others, which have filed for...

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5 things to know before the stock market opens Wednesday
News 9 hours ago
5 things to know before the stock market opens Wednesday

Dow futures were pointing to an over 400-point gain at Wednesday's open as optimism about the reopening of the economy builds. Shares of...

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Walmart strikes deal with secondhand apparel site to ramp up online fashion sales
News 18 hours ago
Walmart strikes deal with secondhand apparel site to ramp up online fashion sales

Walmart has struck a deal with ThredUp, a secondhand seller of apparel, shoes and accessories. ThredUp has partnerships with other retailers,...

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Apple will open about 100 more stores in the U.S. this week, with focus on curbside service
News 1 day ago
Apple will open about 100 more stores in the U.S. this week, with focus on curbside service

Apple plans to open approximately 100 stores in the United States this week, a company representative told CNBC. In total, about 130 out of 271...

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Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic
News 1 day ago
Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic

Related Companies Chairman Stephen Ross says the hotel and retail industries are being hit the hardest by the coronavirus pandemic, as travel has...

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This chart shows just how much America's malls are incredibly dependent on struggling retailers
News 3 days ago
This chart shows just how much America's malls are incredibly dependent on struggling retailers

America's malls are incredibly dependent on struggling retailers, particularly department stores. And this could prove to be an even bigger issue...

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Shelter-in-place will have a 'lasting impact on consumer behavior,' Jim Cramer says
News 5 days ago
Shelter-in-place will have a 'lasting impact on consumer behavior,' Jim Cramer says

CNBC's Jim Cramer on Thursday said the stay-at-home economy will be brief, but its effect on society will be eternal. "The shelter-in-place economy...

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Why Best Buy's CEO thinks the appointment-only shopping strategy was the best approach
News 6 days ago
Why Best Buy's CEO thinks the appointment-only shopping strategy was the best approach

Best Buy has adapted its stores to serve customers with curbside pickup and one-on-one consultations. CEO Corie Barry said it's a safer approach...

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The Mall of America hasn't paid its mortgage in two months
News 6 days ago
The Mall of America hasn't paid its mortgage in two months

The biggest shopping center in the country, The Mall of America, has missed two months of payments on its $1.4 billion mortgage. It's a sign of...

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Victoria's Secret parent company L Brands set to close 250 stores, and that could just be the start
News 6 days ago
Victoria's Secret parent company L Brands set to close 250 stores, and that could just be the start

As of May 2, L Brands was operating 1,070 Victoria's Secret and Pink locations in North America. During the first quarter, L Brands' net sales...

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Macy's CEO: $10 billion in sales are up for grabs because of retail bankruptcies
News 6 days ago
Macy's CEO: $10 billion in sales are up for grabs because of retail bankruptcies

"We see there's about $10 billion worth of opportunity that's up for grabs right now based on on what's going on with the competitive climate," CEO...

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Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak
News 6 days ago
Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak

Macy's said it expects to report an operating loss of $905 million to $1.11 billion, compared with net income of $203 million a year ago. The...

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Victoria's Secret parent L Brands sales tumble 37%, with stores shut during coronavirus pandemic
News 1 week ago
Victoria's Secret parent L Brands sales tumble 37%, with stores shut during coronavirus pandemic

Net sales during the first quarter decreased 37% to $1.65 billion. L Brands said Wednesday it still remains committed to make Bath & Body Works a ...

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Cramer says 'government was a bad actor,' allowing big retailers to get even bigger in coronavirus crisis
News 1 week ago
Cramer says 'government was a bad actor,' allowing big retailers to get even bigger in coronavirus crisis

Cramer complimented the shopping experience at Walmart and the hiring it has done in recent months to deal with increased demand, but said the...

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Target's digital sales fueled first-quarter sales gain, but it paid hefty price for growth
News 1 week ago
Target's digital sales fueled first-quarter sales gain, but it paid hefty price for growth

Target's stores stayed open during the quarter, but many of its customers shopped online. Despite selling groceries and household essentials, the...

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Home goods retailer Pier 1 plans to wind down its business after not finding a buyer
News 1 week ago
Home goods retailer Pier 1 plans to wind down its business after not finding a buyer

Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able to...

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Home Depot shares fall 3% as higher coronavirus-related costs drag down earnings
News 1 week ago
Home Depot shares fall 3% as higher coronavirus-related costs drag down earnings

Home Depot shares fell nearly 3% Tuesday after the company reported first-quarter sales rose sharply, but profits were weighed down by extra costs...

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Retail sales in the US could fall more than 6% in 2020: Euromonitor
News 1 week ago
Retail sales in the US could fall more than 6% in 2020: Euromonitor

There are still so many unknowns regarding the coronavirus pandemic and how it will continue to throttle the retail industry. But U. S. retail...

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Three stocks are worth buying ahead of this week's retail earnings wave, traders say
News 1 week ago
Three stocks are worth buying ahead of this week's retail earnings wave, traders say

The retail sector's roller-coaster ride continues. A slew of major U. S. retailers is scheduled to report earnings this week after a worse-than...

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Pivot to making plexiglass 'sneeze guards' for retailers saves a small business in Michigan
News 1 week ago
Pivot to making plexiglass 'sneeze guards' for retailers saves a small business in Michigan

"Most of our orders that come in every single day are from your mom and pop business, your medical offices, your retail environments and some large...

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As JC Penney goes bankrupt, some question if it should continue to operate
News 1 week ago
As JC Penney goes bankrupt, some question if it should continue to operate

As J. C. Penney files for bankruptcy protection, some question if the company still has a place in American retail. "I think conceptually there is...

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Long-struggling JC Penney files for bankruptcy as coronavirus crushes hopes for a quick turnaround
News 1 week ago
Long-struggling JC Penney files for bankruptcy as coronavirus crushes hopes for a quick turnaround

J. C. Penney, weighed down by debt and battered by the coronavirus, has filed for bankruptcy.Sales at J.C. Penney have fallen annually since 2016....

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JC Penney could join a growing list of bankruptcies during the coronavirus pandemic
News 1 week ago
JC Penney could join a growing list of bankruptcies during the coronavirus pandemic

The economic uncertainty driven by the Covid-19 pandemic has pushed struggling companies over the edge into bankruptcy proceedings. There has been...

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Worse-than-expected drop in U.S. retail sales weighs on stocks — what to watch now
News 1 week ago
Worse-than-expected drop in U.S. retail sales weighs on stocks — what to watch now

What's the read on retail? U. S. retail sales dropped 16.4% in April as the coronavirus pandemic weighed heavily on consumer spending, the...

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JC Penney makes $17 million interest payment as it explores bankruptcy
News 1 week ago
JC Penney makes $17 million interest payment as it explores bankruptcy

J. C. Penney said Friday it has made the approximately $17 million interest payment that was due and payable on May 7. Making the payment may be...

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JC Penney is planning to file for bankruptcy as early as Friday, sources say
News 1 week ago
JC Penney is planning to file for bankruptcy as early as Friday, sources say

J. C. Penney's advisors are currently working on a bankruptcy filing that could come early Friday morning, people familiar with the situation tell...

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Starbucks asks for a break on rent for the next year
News 1 week ago
Starbucks asks for a break on rent for the next year

Starbucks sent a letter to landlords demanding a break on rent for the next year as the coronavirus pandemic hammers U. S. sales. The restaurant...

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Shoppers begin to shift from stockpiling to penny pinching at the grocery store
News 2 weeks ago
Shoppers begin to shift from stockpiling to penny pinching at the grocery store

U. S. shoppers are making more trips to the dollar store. They're stocking up with items from stores' private-label brands more than usual and...

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10% of retail demand might be lost forever
News 2 weeks ago
10% of retail demand might be lost forever

The coronavirus pandemic is sure to leave many lasting effects on the retail industry, including bankruptcies, store closures and layoffs. It could...

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JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filing
News 2 weeks ago
JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filing

J. C. Penney is in talks with key lenders to secure $450 million in financing for a possible bankruptcy filing that would require the troubled...

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