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, […]
BALTIMORE — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed […]
NEW YORK — Sandy Jensen’s customer-service job at a Sam’s Club in Fullerton, California, normally involves checking member ID cards at the door and answering questions. But the coronavirus has turned her into a kind […]
NEW YORK — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain to do so and the second major retailer to be toppled by the coronavirus pandemic. The move by […]
NEW YORK — The owner of J.Crew is filing for Chapter 11 bankruptcy just over three months after the first person in the U.S. tested positive for COVID-19. More bankruptcies across the retail sector are […]
RALEIGH — In the midst of the global panic over coronavirus, North Carolina consumers have been buying products off the shelves at a frenetic rate, pressuring retailers and their suppliers to make goods available quickly […]
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