Edition:
India

Melissa Fares

Nordstrom sales plunge nearly 40% on pandemic-led store closures

29 May 2020

Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic shut stores.

UPDATE 3-Nordstrom sales plunge nearly 40% on pandemic-led store closures

29 May 2020

May 28 Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic shut stores.

Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns

21 May 2020

Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

Walmart trailed supermarkets amid peak panic-buying - data

18 May 2020

LONDON/NEW YORK Americans increased their visits to supermarkets far more than to Walmart Inc stores as panic-buying peaked in mid-March, a Reuters analysis of foot traffic to retailers in the United States shows.

Neiman Marcus's attempt to manage crushing debt undone by COVID-19

08 May 2020

NEW YORK On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its 67 stores.

Macy's reopening 68 stores, targets all within six weeks as U.S. curbs loosen

30 Apr 2020

NEW YORK Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.

UPDATE 3-Macy's reopening 68 stores, targets all within six weeks as U.S. curbs loosen

30 Apr 2020

NEW YORK, April 30 Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.

U.S. retailers offer purses, shoes 'to go' as restrictions ease

24 Apr 2020

NEW YORK Several staffers at major retail chains, including J.C. Penney Co Inc and Saks Fifth Avenue, reported for duty at some Texas-based stores on Friday, selling merchandise "to-go" for orders placed online.

Neiman Marcus skips debt payment as potential bankruptcy looms

17 Apr 2020

NEW YORK Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the brink of a possible bankruptcy after it temporarily closed stores amid the coronavirus pandemic.

UPDATE 2-Neiman Marcus skips debt payment as potential bankruptcy looms

17 Apr 2020

NEW YORK, April 16 Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the brink of a possible bankruptcy after it temporarily closed stores amid the coronavirus pandemic.

World News