Retail


Ascena Retail Group Inc. files for Chapter 11 bankruptcy

On Thursday last week Ascena Retail Group Inc. , filed for Chapter 11 bankruptcy protection. Ascena is the parent company of seven different apparel brands including Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Cacique, Catherines, and Justice. The company announced the same day a debt… more

50 Kansans You Should Know: The Class of 2020

The 50 individuals you’ll meet in the following pages bring to an even 500 the number of Sunflower State residents from all walks of life who have been singled out for their over-sized contributions to business success, civic engagement, philanthropic… more

Restaurants Start Rehiring

Restaurants around the country are rehiring employees after the layoffs they dealt with major layoffs due to the COVID-19 pandemic. Yum! Brands' Taco Bell, for example, is looking to hire 30,000 new workers this summer. Meanwhile, Dunkin' Donuts is looking… more

JCP Closing Stores, Brooks Brothers Close to Bankruptcy

The retail industry has certainly had some tough times during the COVID-19 pandemic, as well as before the virus started in the United States. Now, J. C. Penney, which operates seven stores and a distribution center in the Kansas City… more

Protests Shift to City Hall

People protesting the death of George Floyd have shifted the position from the Country Club Plaza area to City Hall, in Downtown Kansas City. In the wake of protests in Kansas City due to the death of George Floyd, the… more

Theaters Worry About Reopening Guidelines

In the wake of the problems that AMC Theatres is facing due to the COVID-19 pandemic, other theater chains are feeling the same pain and are worried about how to reopen safely. Other chains are facing similar problems throughout the… more

Retailers Face Lawsuits Over Missed Rent Payments

Retailers are increasingly being sued due to missed rent payments that stem from their closures during the COVID-19 pandemic. The latest high-profile case is against apparel chain Gap Inc. by Simon Property Group, the country's largest mall owner. For its… more

Q&A with … John Sweeney, Reece Commercial

John Sweeney is a brokerage executive with Reece Commercial in Kansas City. Q. What’s your sense of how bankruptcies by major retailers will affect the market here? A. It will affect landlords and employment most of all.  There remain plenty… more

Dick’s Sporting Goods Sees Sales Plummet

Dick's Sporting Goods, which has seven locations in the metro area, saw same-store sales drop in its first quarter by nearly 30 percent. Management said that the same-store-sales drop of 29.5 percent was driven primarily by the spread of COVID-19.… more

Can Malls Triumph Over COVID-19?

Malls around the country have been struggling for a while, due to challenges from e-commerce and competition from mass-merchandise chains. Meanwhile, several around the metro area, including Oak Park Mall, in Overland Park, and the Legends Outlets, in Kansas City,… more