The luxury department-store chain is walking away from Hudson Yards, the glitzy development that opened last year and that housed the sole Neiman Marcus location in Manhattan.
Retail
Ascena Retail Group, the parent company of Ann Taylor and Lane Bryant, has filed for bankruptcy, the latest apparel seller unable to ride out the economic damage caused by coronavirus restrictions.
Popularized in the 1970s and ’80s, counterintuitive cord shorts for men are back this summer—and they’re breezier than you’d expect.
As the American business-casual standbys enter bankruptcy, we ask five stylish men to recommend their favorite alternative go-tos for everyday clothing.
Tailored Brands said it will also will lay off 20% of its corporate staff as the Covid-19 pandemic saps demand for its chains’ apparel.
Retailers are facing the prospect of another disappointing season as schools dial back reopening plans because of the coronavirus pandemic.
Consumers bought big-ticket items and resumed clothing purchases as stores and restaurants reopened, but a recent surge in infections could again damp spending. Jobless claims held nearly steady in the latest week.
U.S. retailers are on track to close as many as 25,000 stores this year as the coronavirus pandemic upends shopping habits.
Best Buy will require customers to wear face coverings inside all U.S. stores to protect against the new coronavirus, including in places without mask mandates.
Some stores are trying to turn window shopping into real business during the coronavirus pandemic.
The parent company of century-old women’s apparel brand New York & Co. has filed for bankruptcy protection and plans to liquidate all its stores after being hurt by the coronavirus pandemic.
When the coronavirus shut stores in the U.S. and Europe, clothing factories closed across Asia, and hundreds of thousands of workers, a vast majority of them women, lost jobs. The disruptions might lead to a permanent shift in the industry.
Theft and failed deliveries could be solved if packages arrived at a more secure destination.
For years, Steven Tanger staked his business on the idea that people want to buy clothing in person. When the pandemic hit, he made a bold bet on business as usual.
Live streaming has been a lifesaver for store owners in China looking to reach shoppers still wary of confined spaces. The world’s biggest retail market has yet to rebound to precrisis levels, but online sales, and live-stream sales in particular, have been a bright spot.
The retailer, which sells high-end cookware and offers gourmet-cooking classes at its stores, filed for bankruptcy protection with a buyout offer from investment firm Fortress.
Retail Ecommerce Ventures LLC, owned by retail entrepreneurs Tai Lopez and Alex Mehr, was named the highest bidder at the bankruptcy auction Wednesday, offering $31 million to acquire Pier 1’s intellectual property, data and other assets related to its e-commerce business, the people said.
After years of worrying about e-commerce, mall owners face another unwelcome reckoning from the pandemic. Their stocks appear cheap, but investors are better off window shopping.
The home goods retailer has found a potential buyer offering more than $20 million in cash for the bankrupt company’s intellectual property and e-commerce business as its brick-and-mortar operations wind down.
The two industries that suffered the most job loss because of the coronavirus pandemic and related shutdowns—hospitality and retail—saw the strongest gains the last two months as the U.S. economic engine restarted






