NEW YORK — Nordstrom Inc. on Tuesday reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close […]
WINSTON-SALEM — The owner and operator of two North Carolina shopping centers has announced plans to file for Chapter 11 bankruptcy protection on Oct. 1 with a restructuring deal already in place with most of […]
WASHINGTON, D.C. — Americans increased their retail purchases by 1.2% in July, with solid gains in appliances and clothing helping restore sales to their level before the viral pandemic erupted in March. Sales at retail […]
ST. PETERSBURG, Fla. — National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it will close most, if not all, of its 280 stores. […]
NEW YORK — Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in […]
Walgreens’ Stefano Pessina will step down as CEO and become executive chairman once the drugstore chain finds a replacement for him. The current executive chairman, former McDonald’s CEO Jim Skinner, will remain on the board […]
NEW YORK — When Allison Weiss Brady and Michael Ladin emerged from weeks of locking down during the pandemic, they needed new clothes in new sizes — for different reasons. Brady, 49, a charity fundraiser […]
NEW YORK — The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection. The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays […]
NEW YORK — Microsoft said Friday it is permanently closing nearly all of its physical stores around the world. Like other retailers, the software and computing giant had to temporarily close all of its stores […]
RALEIGH/CHAPEL HILL — More than three weeks after George Floyd died at the hands of Minneapolis police officers on Memorial Day, individuals and businesses across the country continue to pay their respects. In North Carolina, […]
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