May 8, 2020
Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic. The company today has 116 full-line stores, absent its off-price Nordstrom Rack locations and Trunk Club business. All of its stores have […]
May 8, 2020
Robert Barnes | Getty Images J.C. Penney is in talks to secure financing for bankruptcy as the coronavirus pandemic has devastated the American retail industry, people familiar with the matter tell CNBC. The Plano, Texas-based retailer skipped a $12 million interest...
May 8, 2020
People wear masks as a preventive measure against the coronavirus pandemic at the Red Square in Moscow, Russia on March 17, 2020. Sefa Karacan | Anadolu Agency | Getty Images A delayed coronavirus epidemic has taken hold in Eastern Europe as cases and deaths rise in...
May 8, 2020
For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions...
May 8, 2020
New York is investigating how Covid-19 impacts children after a 5-year-old boy in New York City died this week from coronavirus-related complications, Gov. Andrew Cuomo said Friday. “This is every parent’s nightmare, right? That your child may actually be...
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