With stores temporarily shut due to the coronavirus pandemic — and a slim-to-zero chance of opening in the near future — America’s department stores are facing a cash crunch. Department store chains have enough liquidity to make it about five to eight months,...
A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart said Wednesday it is offering help to its small business partners as the coronavirus forces consumers to self-isolate...
Nike, Macy’s and Vineyard Vines are just a few of the companies currently offering decent deals online, to try to stir up some sales as their stores sit dark. Many retailers are also throwing in free shipping — if they did not already offer it — and extending...
3M Chairman and CEO Mike Roman told CNBC on Monday he was not happy to find out that N95 respirator masks, which health-care workers need to protect themselves from the coronavirus, were available at some retail stores. “It’s disappointing when you see...
Temporary closed signage is seen at a store in Manhattan borough following the outbreak of coronavirus disease (COVID-19), in New York City, U.S., March 15, 2020. Jeenah Moon | Reuters When chatter started building in the U.S. around employers telling their staff to...
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