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Mall owner CBL issues 'going concern' warning after skipped interest payment
News 4 weeks ago
Mall owner CBL issues 'going concern' warning after skipped interest payment

Mall owner CBL & Associates said Friday that its ability to continue as a going concern is in doubt after the retailers in its properties have...

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JC Penney announces 154 stores set to close this summer. Here's a map.
News 1 month ago
JC Penney announces 154 stores set to close this summer. Here's a map.

Bankrupted J. C. Penney announced Thursday the list of the 154 stores it plans to close this summer, with store closing sales kicking off June 12....

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Gap's sales fall 43% as retailer takes hit from coronavirus pandemic; shares dive
News 1 month ago
Gap's sales fall 43% as retailer takes hit from coronavirus pandemic; shares dive

Gap Inc.'s net sales fell to $2.11 billion from $3.71 billion a year ago, as it took a hit from the coronavirus pandemic. The apparel retailer said...

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Levi's says 'everybody has a new size,' as shoppers return to stores during coronavirus pandemic
News 1 month ago
Levi's says 'everybody has a new size,' as shoppers return to stores during coronavirus pandemic

Some have joked that the "Freshman 15" is now the "Quarantine 15," as living on lockdown encourages some to snack more on bread and baked goods,...

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New York & Co. owner RTW Retailwinds warns bankruptcy filing imminent
News 1 month ago
New York & Co. owner RTW Retailwinds warns bankruptcy filing imminent

New York & Co. parent RTW Retailwinds on Wednesday morning warned about its ability to continue as a going concern, and that it might be preparing...

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Alibaba's InTime department store chain turns to live-streaming to boost sales during coronavirus
News 1 month ago
Alibaba's InTime department store chain turns to live-streaming to boost sales during coronavirus

InTime, one of China's largest department store operators that's owned by e-commerce giant Alibaba, turned to livestreaming and online sales during...

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Nordstrom sales fall 40%, but retailer says it has 'sufficient liquidity' to weather pandemic
News 1 month ago
Nordstrom sales fall 40%, but retailer says it has 'sufficient liquidity' to weather pandemic

Nordstrom's net sales fell 40% during its fiscal first quarter. Sales at its full-price department stores were down 36%, and sales at its off-price...

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The 'invincible teen consumer' is back. Abercrombie & Fitch CEO says recovery better than expected
News 1 month ago
The 'invincible teen consumer' is back. Abercrombie & Fitch CEO says recovery better than expected

Hollister owner Abercrombie & Fitch said sales are returning to levels of about 80% of the year-ago period in America. That fares better than Macy...

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CEO of best-performing retail stock expects to 'emerge stronger' from pandemic
News 1 month ago
CEO of best-performing retail stock expects to 'emerge stronger' from pandemic

Tractor Supply CEO Hal Lawton told CNBC on Thursday he expects the farm supplies retailer to "emerge stronger from the pandemic." The company's...

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JC Penney to kick off store closing sales in June
News 1 month ago
JC Penney to kick off store closing sales in June

JC Penney plans to file a store closing procedure motion on June 4, for a hearing set to take place on June 11, at which point some sales will...

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Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall
News 1 month ago
Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall

Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and...

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Tuesday Morning is about to close 130 stores. Here's a map of where they are
News 1 month ago
Tuesday Morning is about to close 130 stores. Here's a map of where they are

Tuesday Morning first is seeking court approval to shut at least 132 stores. It has roughly 700 locations, as of its bankruptcy filing on Wednesday...

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Discount retailer Tuesday Morning files for bankruptcy, to shut 230 stores
News 1 month 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 1 month 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 1 month 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 month 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 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 month 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 month 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 month 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 month 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 month 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 month 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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