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Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
News 2 days ago
Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

NEW YORK (Reuters) - The more than a century old car rental firm Hertz Global Holdings Inc (HTZ. N) filed for bankruptcy protection on Friday after...

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Australia's Wesfarmers to shut or rebrand over 100 Target stores in virus slump
News 3 days ago
Australia's Wesfarmers to shut or rebrand over 100 Target stores in virus slump

SYDNEY (Reuters) - Australian retail giant Wesfarmers Ltd (WES. AX) said it will close or rebrand nearly two-thirds of its Target department stores...

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The slow reopen: Retail visits edge up, broader economic measures still unmoved
News 4 days ago
The slow reopen: Retail visits edge up, broader economic measures still unmoved

WASHINGTON (Reuters) - The U. S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail...

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Facebook's Zuckerberg embraces remote work beyond Silicon Valley
News 4 days ago
Facebook's Zuckerberg embraces remote work beyond Silicon Valley

SAN FRANCISCO (Reuters) - Facebook Inc (FB. O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark...

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Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns
News 4 days ago
Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns

"We anticipate that our sales recovery will be gradual and that for a period of time, we will be a smaller company," Chief Executive Jeff Gennette...

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Facebook's Zuckerberg embraces remote work outside Silicon Valley
News 4 days ago
Facebook's Zuckerberg embraces remote work outside Silicon Valley

SAN FRANCISCO (Reuters) - Facebook Inc (FB. O) will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark...

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Zalando proposes Rent The Runway CEO to join board
News 5 days ago
Zalando proposes Rent The Runway CEO to join board

BERLIN (Reuters) - German online fashion retailer Zalando (ZALG. DE) proposed on Wednesday that Jennifer Hyman, the chief executive of U.S....

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Facebook to launch new shopping feature across apps
News 6 days ago
Facebook to launch new shopping feature across apps

The move to build up e-commerce offerings follows Facebook's launch last year of limited shopping options on photo-sharing app Instagram and...

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Walmart sales surge at stores and online on coronavirus-led demand
News 6 days ago
Walmart sales surge at stores and online on coronavirus-led demand

The world's largest brick-and-mortar retailer, like many other essential businesses, has seen a surge in demand late in March and early in April as...

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J.C. Penney to permanently shut about 242 stores as part of bankruptcy plan
News 1 week ago
J.C. Penney to permanently shut about 242 stores as part of bankruptcy plan

The stores to stay open accounted for 82% of the company's fiscal 2019 sales, J.C. Penney said. Reuters on Friday reported that the company was...

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Amazon's French warehouses to resume work with 30% of staff on Tuesday: unions
News 1 week ago
Amazon's French warehouses to resume work with 30% of staff on Tuesday: unions

PARIS (Reuters) - Amazon's French warehouses are set to re-open on Tuesday with about 30% of employees, three union officials said, following an...

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Walmart trailed supermarkets amid peak panic-buying: data
News 1 week ago
Walmart trailed supermarkets amid peak panic-buying: data

LONDON/NEW YORK (Reuters) - Americans increased their visits to supermarkets far more than to Walmart Inc (WMT. N) stores as panic-buying peaked in...

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'All my dreams are shattered': coronavirus crushes Asia’s garment industry
News 1 week ago
'All my dreams are shattered': coronavirus crushes Asia’s garment industry

YANGON/DHAKA/BANGKOK (Reuters) - Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter...

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A California cafe reopens with a payroll loan, but the future unclear
News 1 week ago
A California cafe reopens with a payroll loan, but the future unclear

SAN FRANCISCO (Reuters) - Chris and Amy Hillyard opened their Oakland, California restaurant late last month for the first time since mid-March,...

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Trump admin slaps solar, wind operators with retroactive rent bills
News 1 week ago
Trump admin slaps solar, wind operators with retroactive rent bills

The move represents a multi-million-dollar hit to an industry that has already seen installation projects canceled or delayed by the global health...

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Apple reopening 25 more U.S. stores, will soon top 100 worldwide
News 1 week ago
Apple reopening 25 more U.S. stores, will soon top 100 worldwide

The iPhone maker in March shut all its stores outside of Greater China in response to the spread of the coronavirus. It has 510 stores worldwide...

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U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
News 1 week ago
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors

"This company needs to move incredibly quickly through this restructuring. If we don't, the results could be disastrous," said Joshua Sussberg, a...

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J.C. Penney has need for speed in bankruptcy, lawyer says
News 1 week ago
J.C. Penney has need for speed in bankruptcy, lawyer says

"This company needs to move incredibly quickly through this restructuring. If we don't, the results could be disastrous," said Joshua Sussberg, a...

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J.C. Penney files for bankruptcy protection
News 1 week ago
J.C. Penney files for bankruptcy protection

NEW YORK(Reuters) - J. C. Penney Co Inc (JCP.N) filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers...

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Fast Retailing reopens more Uniqlo stores as pandemic measures ease
News 1 week ago
Fast Retailing reopens more Uniqlo stores as pandemic measures ease

TOKYO (Reuters) - Casual clothing chain Uniqlo has reopened more stores in the past week and plans to resume business at more shops in coming days...

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S.Korean shoppers go the distance to beat Chanel price hike
News 1 week ago
S.Korean shoppers go the distance to beat Chanel price hike

SEOUL (Reuters) - More than a hundred shoppers waited in line outside a Chanel store in Seoul on Wednesday, shrugging off concerns about a second...

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Tesla's California fight heats up competition for jobs
News 1 week ago
Tesla's California fight heats up competition for jobs

DETROIT (Reuters) - Tesla Inc Chief Executive Elon Musk's fight with local authorities over the reopening of its California plant has gotten the...

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Kohl's to reopen 25% of stores as states lift lockdown restrictions
News 2 weeks ago
Kohl's to reopen 25% of stores as states lift lockdown restrictions

The department store operator said stores in four U.S. states had already reopened earlier this week and outlets in 10 more states would open on...

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Next enters British beauty contest in former Debenhams stores
News 2 weeks ago
Next enters British beauty contest in former Debenhams stores

LONDON (Reuters) - British clothes retailer Next (NXT. L) will open five standalone beauty halls in former Debenhams stores across the country as a...

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Neiman Marcus's attempt to manage crushing debt undone by COVID-19
News 2 weeks ago
Neiman Marcus's attempt to manage crushing debt undone by COVID-19

NEW YORK (Reuters) - On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice...

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Britain's Next plans first beauty shops in former Debenhams stores
News 2 weeks ago
Britain's Next plans first beauty shops in former Debenhams stores

LONDON (Reuters) - British clothing retailer Next (NXT. L) said on Thursday it plans to open its first standalone beauty shops by taking space in...

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Britain's Next expands beauty business with former Debenhams stores
News 2 weeks ago
Britain's Next expands beauty business with former Debenhams stores

LONDON (Reuters) - British clothing retailer Next (NXT. L) said on Thursday it will expand its beauty business by taking on five former Debenhams...

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Walgreens to restore standard operating hours at most U.S. stores
News 2 weeks ago
Walgreens to restore standard operating hours at most U.S. stores

The company, which operates over 9,000 drugstores across the country, in March announced reduced operating hours at most of the stores following...

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Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen - sources
News 2 weeks ago
Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen - sources

- sources NEW YORK (Reuters) - Venerable U. S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to...

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Hugo Boss expects 50% sales drop next quarter as crisis impact worsens
News 2 weeks ago
Hugo Boss expects 50% sales drop next quarter as crisis impact worsens

BERLIN (Reuters) - Hugo Boss (BOSSn. DE) is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis...

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