Department Stores

Reinventing The Mall: How Misperceptions Might Hinder Recovery
Reinventing The Mall: How Misperceptions Might Hinder Recovery
May 07, 2020  |  Retail

They’re reopening – but they’re dead. Or they’re fading. Or they’re awaiting a renaissance. The characterization of the future of the American mall cuts across...

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JCPenney Seeks Court Order To Keep Sephora In Stores
JCPenney Seeks Court Order To Keep Sephora In Stores
May 05, 2020  |  Retail

JCPenney has filed a temporary restraining order against beauty firm Sephora to stop it from departing Penney’s stores that are currently closed but in the...

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J. Crew Seeks Bankruptcy Protection
J. Crew Seeks Bankruptcy Protection
May 04, 2020  |  Retail

Amid fallout from the coronavirus pandemic, J. Crew Group Inc. has become the first major retailer to file for bankruptcy with intentions to cede control of the...

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Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020  |  Retail

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states...

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Half Of Mall Department Stores Expected To Close By Next Year
Half Of Mall Department Stores Expected To Close By Next Year
April 29, 2020  |  Retail

Long before the coronavirus struck, brick-and-mortar stores faced extinction by a combination of eCommerce and bankruptcies. More than 9,300 brick-and-mortar stores closed last year in...

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Macy’s Loses Credit Insurance Coverage
Macy’s Loses Credit Insurance Coverage
April 28, 2020  |  Retail

As if closing stores, laying off workers and incurring mounting debt amid the coronavirus pandemic wasn’t bad enough, now retailers face another obstacle, Bloomberg News reported....

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Investors Propose $700M In DIP Financing For Neiman Marcus
Investors Propose $700M In DIP Financing For Neiman Marcus
April 27, 2020  |  Retail

Amid the retailer’s reported impending bankruptcy, an investor group is intending to provide an alternative to a $600 million financing arrangement for Neiman Marcus Group and pressure...

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No New Bankruptcy Filings, But Darkness Intensifies For Department Stores
No New Bankruptcy Filings, But Darkness Intensifies For Department Stores
April 22, 2020  |  Retail

The retail bankruptcy watch turned to some Wednesday morning quarterbacking this week, as industry experts and observers took turns assessing the current and potential damage...

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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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