Macy’s Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the Covid-19 pandemic, which has also led to delay in financial statement preparation.
The owner of Vans and Timberland announced on Tuesday that it now expects its full-year revenues to total between $11.3 billion and $11.4 billion in fiscal 2020, down from $13.85 billion in the previous year.
Following store closures, furloughs and cost management, retailers such as Nordstrom, Sally Beauty and Shoe Carnival, are renegotiating their credit facilities to ensure continued liquidity during the Covid-19 crisis.
The footwear and accessories brand has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock.
Hudson’s Bay Co shareholder Paradise Developments on Wednesday became the latest investor to oppose Chairman Richard Baker’s C$1.74 billion take-private offer for the department store operator, calling it inadequate.
It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger slice of the e-commerce pie.