More major retailers furlough employees, withhold rent
The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute...
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Macy’s announces furloughs for “majority” of its workers
Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large...
NY restaurants, hotels warn of mass layoffs as US sees record jobless claims
Americans filed a record number of unemployment claims last week, and in New York state, restaurants and hotel owners...
Neiman Marcus in talks about possible bankruptcy: report
Luxury retailer Neiman Marcus Group is reportedly considering filing for bankruptcy as it struggles with $4.3 billion in debt....
With malls shut, what happens to Simon and Taubman’s deal?
In mid-February, Simon Property Group announced it would acquire Taubman Centers after a nearly two-decade-long dance between the two...
Major US retailers tell landlords they can’t pay rent
Big chain retailers and restaurants are putting their landlords on notice. Both U.S. and international chains are informing their...
NYC storefronts begin boarding up as virus empties streets
New York’s once-bustling shopping districts are starting to look like they’re bracing for a hurricane. Retailers are boarding up...
Retailers tell landlords they could stop paying rent soon
Restaurants and other retailers that have seen business screech to a halt because of coronavirus shutdowns are warning their...
Hospitality company behind The Campbell, Mr. Purple lays off 400
The coronavirus pandemic has claimed the jobs of all 400 workers at the Gerber Group across its 10 venues...
Nordstrom shutters stores in response to coronavirus
Nordstrom is temporarily shutting its stores in the U.S. and Canada to prevent the spread of the coronavirus and...
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