Retail

Management & Careers

The founder, CEO and chairman of an eponymous jewelry business is now a member of the Strike Force to Open Texas, strategizing how to restart the state’s economy during the coronavirus crisis.

Pro Bankruptcy Bankruptcy

Still-solvent retailers will go head-to-head with bankrupt rivals: Big reopening blowouts will be vying with going-out-of-business sales to get shoppers in the door, experts say.

Pro Bankruptcy Distress

Party City, already weighed down by debt before closing its stores in March in response to the coronavirus pandemic, is floating a debt-for-equity swap with bondholders that would erase millions in debt from its balance sheet.

Heard on the Street

Online sales weren’t enough to protect Nordstrom from a precipitous revenue drop, but the clothing retailer seems to have what it takes to come out of the crisis in decent shape.

Fashion

The coronavirus has erased our summer plans, but a new bikini or one-piece can be an optimistic purchase, even just for socially distanced park hangs.

Heard on the Street

Shares of TJX and Ross Stores are holding up rather well, as off-price retailers usually do well in economic downturns. But this downturn isn’t like others, and they may be no bargain.

Pro Bankruptcy Bankruptcy

Dozens of J.Crew’s landlords, including some of the biggest mall owners in the country, are seeking rent payments from the retailer’s stores as they reopen, according to court filings.

U.S.

More states are relaxing some curbs on gatherings and social contact while many other restrictions meant to slow the spread of the infections remain in force, affecting hundreds millions of people and thousands of businesses.

Pro Bankruptcy Bankruptcy

After nearly 60 years of selling home décor, Pier 1 Imports is permanently closing its retail stores in the wake of the coronavirus pandemic, though it hopes to sell its intellectual property and e-commerce business.

Metro Money

The pandemic has transformed Times Square—fueled by tourists and office workers—from among the busiest to one of the most desolate New York City neighborhoods. But the Times Square Alliance says it’s focusing on the future.

World

More than 1.5 million people in the U.S. have tested positive for the coronavirus as restrictions that helped slow the contagion’s spread were eased in more states and countries, and drugmakers raced to develop a vaccine.

Economic Data

U.S. lockdowns to contain the coronavirus pandemic prompted record monthly drops in retail spending and industrial output, as consumers pulled back sharply on shopping and eating out and factories suffered a sharp drop in demand.