Many U.S. landlords whose commercial tenants are asking for rent relief due to the coronavirus pandemic are acquiescing, though some are asking for proof of financial strain before delaying or even forgiving payments.
Clothing retailers are sitting on tens of billions of dollars of unsold merchandise, and the usual methods for clearing it out aren’t working while the coronavirus keeps most U.S. stores closed.
Most U.S. states have imposed lockdown measures restricting gathering and social contact, disrupting the lives of hundreds of millions of people and the operations of thousands of businesses.
For a look at how hard it is to press “play” on a Western economy still battling the new coronavirus, turn to Europe, which is freeing its shops and small businesses in stages, easing a continentwide lockdown that has kept nearly half a billion people at home.
A global toilet-paper shortage has broken American cultural taboos, but with sudden growth comes new hazards, Christopher Mims writes.
Bed Bath & Beyond sold its One Kings Lane home décor unit but said a deal to sell another subsidiary failed to close as planned.
In the first meeting of President Trump’s task force to reopen the economy, banking and financial services executives said the administration needed to dramatically increase the availability of coronavirus testing before the public would be confident enough to return to work.
Large chunks of the U.S. economy froze in March as the coronavirus pandemic closed malls, restaurants, factories and mines, causing Americans to cut retail spending by a record amount and the country’s industrial production output to plunge at the steepest rate in more than 70 years.
How long will it take companies that sell consumer goods to get over today’s store closures? One answer is that those reliant on travel hubs for a big chunk of sales will need more time than most.
The jeans maker filed for bankruptcy for the second time in less than three years, saying it was the only option to preserve value as government stay-at-home edicts shut down nonessential stores nationwide.
With debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.
Tractor Supply caters to rural and exurban Americans with pet food, chicken coops, cattle gates, propane and more. CEO Hal Lawton talks about its rush to hire thousands of employees to meet demand for pandemic supplies and what things are forever changed.
Some residents fear many small businesses won’t survive the coronavirus shutdown and they’re throwing them lifelines.
Thanks to fracking, the Lone Star State’s economy outpaced most of the U.S. after the 2008 financial crisis. Now it looks set to suffer a prolonged and outsize contraction.
Burglaries of businesses have risen in New York City under emergency measures to fight the new coronavirus, according to New York Police Department data.
In the post-quarantine future, these quick-fix workstations can stylishly evolve to serve other purposes—from makeup table to shelving unit.
The tech giant is dealing with mass absences and a restive workforce as it labors to keep up with a surge in demand. “This isn’t business as usual,” said Jeff Bezos.
While Associated British Foods PLC has closed all 376 Primark outlets in 12 countries and it is unclear how long the store closures will last, CFO John Bason expects ABF to recover about 50% of operating costs through subsidies, negotiations with landlords and other measures.
As the novel coronavirus forced stores closures across America, clothing retailers are hoping their online shops can carry them through an economic downturn.
Retailers in the U.S. and Europe are suspending and canceling clothing orders, threatening millions of factory jobs in Asia just as China shows signs of recovering from the worst of the coronavirus outbreak.