Retail
Rental-car company Hertz has filed for bankruptcy after a major sales downturn that was fueled by COVID-19. "The impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline in the company's revenue and future bookings," said…
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L Brands, the parent company of Victoria's Secret, said it will close 250 of those stores due to them being shut for months due to COVID-19 and the resulting revenue loss. Meanwhile, the company is also closing Bath & Body…
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Retailer Target Corp. saw sales rise 10.8 percent year over year during the first quarter as shoppers flocked its stores and website at the start of the COVID-19 outbreak. Digital sales skyrocketed 141 percent year over year, while store sales…
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Walmart reported strong sales and profits during its most recent quarter due to a surge in sales due to consumers wanting to stock up on household goods during the COVID-19 pandemic. Same-store sales rose 10 percent year over year at…
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The second phase of Kansas' reopening plan, which would allow more consumer access to businesses, is set to start on Friday. Gov. Laura Kelly modified the order, saying that the reason for the change is due to the slowing number…
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In another blow to the retail real estate industry, retailer JCPenney plans to pare back its store count by 30 percent, or 240 stores. It will leave it with about 600 total stores. The company, which operates seven stores and…
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Mike Boehm is the major of the City of Lenexa, which has seen major construction growth over the the last few years. Q. Have you seen any delay in the construction of City Center as a result of COVID-19? A.…
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Leaders in the restaurant industry want more time to spend PPP loans, increasing that window from eight to 24 weeks. They met with President Donald Trump and said that they were concerned about various social distancing rules in states and…
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Retailer J. C. Penney, which filed for bankruptcy on Friday, is creating a real estate investment trust to spin off its real estate assets to pay off debt. "By entering this restructuring support agreement with our lenders, we expect to…
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Retail sales beat another unfortunate record in April, with sales falling a record 16.4 percent from the previous month. The March decrease of 8.3 percent was already the biggest decline on record, according to data tracked by the U.S. Census…
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