Tailor Brands Inc., which owns suit sellers Men’s Wearhouse and Jos. A. Bank, is closing hundreds of stores and drastically reducing its corporate workforce as the coronavirus pandemic continues to ravage the retail industry.
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Kitchen goods retailer Sur La Table has filed for bankruptcy as it prepares for a corporate sale and store closures, making it the latest retailer to succumb to the coronavirus pandemic.
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Coresight Research estimates 20,000 to 25,000 stores could permanently close in the U.S. this year, with 55% to 60% of those closures in malls.
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QDOBA, the fast-casual Mexican chain, has raised a Rockland teen’s profile after learning that high school senior’s love for the restaurant inspired a college-entry essay.
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Zinburger Wine & Burger Bar, a franchise restaurant owned by the Briad Group in Livingston New Jersey, is planning to close its doors except its Clifton, New Jersey location.
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Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.
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The Palisades Center did not make April or May mortgage payments and an insider familiar with The Pyramid Group says a June payment is “not likely,” because stores are not on track to open until mid-month.
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J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.
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Struggling department store chain Macy’s is planning to close 125 of its weakest stores over the next three years and cut 2,000 corporate jobs in its latest push to reinvent itself in the age of online shopping
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Simon Property Group is reacting to a changing retail environment with innovative partnerships that seek to reinvent retail as well as rescue it.
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