August 12, 2020
“The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. … Continue Reading…
July 22, 2020
“Typically, when a public company reports earnings, it highlights a positive in its release, no matter how much money it lost in the previous three months. But on Tuesday, United Airlines did not spin, telling investors it recently completed “the… Continue Reading…
July 13, 2020
“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What’s happening: Corporate debt is poised to soar… Continue Reading…
July 7, 2020
“The South Korean conglomerate said on Tuesday that it expects to make an operating profit of roughly 8.1 trillion won ($6.8 billion) for the three months that ended in June. That’s up nearly 23% from the same period a year… Continue Reading…
July 3, 2020
“Two of the most classic pieces of Americana are coming together this summer: drive-in theaters and Walmart. Beginning in August, the retailer is converting 160 of its US store parking lots into drive-in movie theaters… Walmart (WMT) is partnering with Tribeca Enterprises, the Robert… Continue Reading…
June 26, 2020
“Telecom giant Verizon said Thursday it is pulling its advertising from Facebook, in what may be the biggest brand yet to join the #StopHateForProfit boycott. “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable… Continue Reading…
June 24, 2020
“Since January, 355 Retailers Have Filed for Bankruptcy Protection. The coronavirus pandemic has hit the already-struggling sector particularly hard. Some big names have gone bust recently, including Neiman Marcus, J.Crew, and J.C. Penney. Meanwhile, Amazon and other retailers with a large online presence are… Continue Reading…
June 16, 2020
“U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding… The government’s report Tuesday showed that retail sales have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses… Continue Reading…
June 15, 2020
“Hertz Global Holdings Inc <HTZ.N> will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month. Hertz… Continue Reading…
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