Simon Calls Off Merger With Taubman, Citing Impact Of COVID-19
Simon Property Group has terminated its proposed merger agreement with Taubman Centers. Simon also has filed an action…
News June 10
Latest In: Store Operations
Macy’s Projects 45% Q1 Sales Drop, Secures $4.5 Billion To Maintain Liquidity During Recovery
Macy’s reported a preliminary Q1 2020 sales decline of 45%, to $3 billion, but the retailer expects to…
News June 10
G-III Apparel Closes All Wilsons Leather And G.H. Bass Stores In Shift Toward Wholesale
G-III Apparel Group will close all 110 Wilsons Leather and 89 G.H. Bass stores, as part of a…
News June 9JCPenney Identifies 154 Stores Slated For Permanent Shutdown
On June 12, JCPenney will begin permanent closures of 154 stores, “following a comprehensive evaluation of its retail…
News June 8
Exclusive CEO Q&A: How Hand & Stone Kept Growth Going Even During Shutdowns
Apparently, growth is a hard habit to break — even when a pandemic forces the shutdown of every…
Features June 8LVMH Refutes Rumors Of Tiffany Deal Renegotiation
LVMH Moët Hennessy Louis Vuitton (LVMH), which announced an agreement in November 2019 to acquire Tiffany, is pushing…
News June 5Gap Reports 43% Sales Drop In Q1 As Store Closures Outweigh 13% E-Commerce Growth
Gap was hit hard by the closure of 90% of its stores during Q1 2020, resulting in a…
News June 5
Food Lion Will Purchase 62 Stores From Southeastern Grocers
Food Lion will acquire 62 BI-LO/Harveys Supermarket stores in North Carolina, South Carolina and Georgia from Southeastern Grocers.…
News June 5Report: Simon Sues Gap Over Nearly $66 Million In Unpaid Rent
Simon Property Group is suing Gap on the grounds that the retailer has failed to pay more than…
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