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Tag: closed

‘Retail companies are not built to have their stores closed’

Emanuel “Manny” Chirico, CEO, PVH Scott Mlyn | CNBC With stores closed, the retail industry is struggling with inventory piling up in warehouses and no place to sell it, the head of the company that owns such names as Calvin Klein and Tommy Hilfiger told CNBC on Wednesday. “Retail companies are not built to have …

‘Retail companies are not built to have their stores closed’Read More

Retail Shut Down Checklist: What to Do If Your Store is Closed Due to COVID-19

By Georganne Bender & Rich Kizer Retailers across the globe have been affected by the Covid-19 virus, and as you read this, your store may already be closed to the public. This checklist is to help you cover all the bases as you close. At the Store □ Make a thorough inspection of your sales …

Retail Shut Down Checklist: What to Do If Your Store is Closed Due to COVID-19Read More

US department stores can make it up to 8 months with stores closed: Cowen

With stores temporarily shut due to the coronavirus pandemic — and a slim-to-zero chance of opening in the near future — America’s department stores are facing a cash crunch.  Department store chains have enough liquidity to make it about five to eight months, with their stores sitting dark, in this coronavirus pandemic, according to an …

US department stores can make it up to 8 months with stores closed: CowenRead More

Primark withholds £33m rent on its closed UK stores | World news

Primark has refused to pay £33m in rent to its landlords after the closure of its UK stores due to the coronavirus outbreak. The payment, which was due on Wednesday, was meant to cover rent and service charges for two thirds of its 189 UK stores over the next three months. But Associated British Foods, …

Primark withholds £33m rent on its closed UK stores | World newsRead More

Retailers grapple with closed stores and paying rent

Temporary closed signage is seen at a store in Manhattan borough following the outbreak of coronavirus disease (COVID-19), in New York City, U.S., March 15, 2020. Jeenah Moon | Reuters When chatter started building in the U.S. around employers telling their staff to work remotely to try to curb the spread of COVID-19, Untuckit co-founder …

Retailers grapple with closed stores and paying rentRead More

Inside Macy’s Herald Square store before coronavirus closed it temporarily

A few people pass by Macy’s Herald Square location on March 17, before it shut to the public because of COVID-19. Source: Lauren Thomas, CNBC Macy’s was the last major department store chain in America to lay out a plan for its stores this week to curb the spread of the new coronavirus.  That’s as dozens of retailers began …

Inside Macy’s Herald Square store before coronavirus closed it temporarilyRead More

Why Macy’s closed these two stores in Long Island

By Tali Rozenman – 02/06/2020 Get great content like this right in your inbox. Subscribe The store closure storm is brewing, and Macy’s is at the forefront with its recent announcement of 125 store closures in the next three years. But, as we’ve seen in the past, there’s much more than meets the eye when …

Why Macy’s closed these two stores in Long IslandRead More

Why Macy’s closed these two stores in Long Island

By Tali Rozenman – 02/06/2020 Get great content like this right in your inbox. Subscribe The store closure storm is brewing, and Macy’s is at the forefront with its recent announcement of 125 store closures in the next three years. But, as we’ve seen in the past, there’s much more than meets the eye when …

Why Macy’s closed these two stores in Long IslandRead More

Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

Sears, Walgreens among retailers that closed stores in 2019Read More

Closed Golfsmith replaced with self-storage at Tennessee mall

Get great content like this right in your inbox. Subscribe CBL Properties’ makeover of Hamilton Place mall in Chattanooga, Tenn., continues with the building of a self-storage facility on the property. The 94,500-sq.-ft. Box Storage location is on the site of a former Golfsmith store adjacent to the mall. The company earlier announced that it …

Closed Golfsmith replaced with self-storage at Tennessee mallRead More