Home Tags Retail Apocalypse

Tag: Retail Apocalypse

America’s largest mall is reportedly 2 months behind on a $1.4 billion loan

A filing showed that the borrower had notified the master servicer, Wells Fargo, of COVID-19 related hardships.
Retailers are closing thousands of stores in 2020.

More than 3,300 stores are closing in 2020 as the retail apocalypse drags on. Here’s the full list.

L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.

The rise and fall of Victoria’s Secret, America’s biggest lingerie retailer

Victoria's Secret has been one of the best-known and most talked-about brands in the country — increasingly, not in ways that it might hope for.

Victoria’s Secret will permanently close 250 stores in the US and Canada as the pandemic cripples its business

Victoria's Secret is among the retailers that have been hit hard by the coronavirus outbreak.
Nordstrom is closing stores.

Nordstrom is closing another 3 stores, on top of the 16 it already announced. Here’s the list.

Nordstrom will permanently close three Jeffery boutique stores, in addition to the 16 full-line department stores that it plans to close.
We're less than two months into 2020, and a number of retailers have already filed for bankruptcy.

These 14 retailers and restaurant chains have filed for bankruptcy or liquidation in 2020

J. Crew, Neiman Marcus, and JCPenney are among those that have filed for bankruptcy in the first half of 2020.

As retailers including J. Crew and Neiman Marcus file for bankruptcy, experts worry about skittish creditors and an overloaded bankruptcy court system...

J. Crew and Neiman Marcus have filed for bankruptcy. But the coronavirus pandemic means the process will be even more difficult than usual.
Steak n' Shake's net sales for the first quarter of 2020 were down $60.9 million compared to the first quarter of 2019

Steak n’ Shake permanently closes 51 restaurants, continuing the chain’s dangerous downward spiral toward bankruptcy

The burger chain hemorrhaged millions of dollars and "temporarily" closed over a hundred locations last year.
King of Prussia Mall, Philadelphia is a Simon Property Group-owned mall.

The US’ biggest mall operator plans to reopen half of its malls this week

Simon Property Group owns around 200 malls in the US including King of Prussia, Woodbury Common, and Fashion Valley.
Neiman Marcus has filed for bankruptcy.

More than 2 million retail jobs disappeared in April, the latest in a series of bad news for the industry

It was a week of bad news for retail, with coronavirus-related bankruptcies beginning and some 2.1 million jobs lost.