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March 31, 2020
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Macy’s will furlough most employees beginning this week

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CNBC – For more and to sign up click here Macy’s said the majority of its employees will be furloughed beginning this week as it copes with significant sales losses during the coronavirus pandemic. The retailer declined to say how many employees will be affected by the furloughs. It said......
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Mall owner Taubman is telling tenants they must pay rent

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CNBC – For more and to sign up click here U.S. mall owner Taubman is telling its tenants that they must pay rent amid the coronavirus pandemic. In a memo dated March 25, which was obtained by CNBC, the real estate investment trust said it still has its own obligations to......
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US retail store closures to drag into April, likely longer

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CNBC – For more and to sign up click here March 27.  This Friday was the day that many retailers set roughly two weeks ago as the marker for how long they planned to temporarily keep their shops closed. But as the number of COVID-19 cases continues to rise, nothing is......
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Nike gets more exercise app users, and it’s driving online sales

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CNBC – For more and to sign up click here Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost......
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Lululemon (LULU) reports Q4 2019 earnings beat

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CNBC – For more and to sign up click here A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that......
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Target scales back store remodels and openings amid coronavirus outbreak

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CNBC – For more and to sign up click here Target is putting some of its ambitious growth plans on hold as it focuses on the day-to-day realities of dealing with coronavirus outbreak.  The company will put on hold plans to remodel hundreds of stores, postponing openings of new stores and......
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Nordstrom suspends dividend, taps credit in midst of coronavirus

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CNBC – For more and to sign up click here Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday that it is suspending its dividend, halting share buybacks and......
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H&M weighs tens of thousands of job cuts because of coronavirus

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CNBC – For more and to sign up click here General view of the closed H&M store, at Avenue des Champs Elysees, in the 8th quarter of Paris, as the city imposes emergency measures to combat the Coronavirus COVID-19 outbreak, on March 16, 2020 in Paris, France. Edward Berthelot |......
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Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

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CNBC – For more and to sign up click here Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did......
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Inside Macy’s Herald Square store before coronavirus closed it temporarily

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CNBC – For more and to sign up click here 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......
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Nordstrom is closing all US stores due to coronavirus

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CNBC – For more and to sign up click here The outside of Nordstrom’s men’s store in New York, which opened in April 2018. Source: Nordstrom Nordstrom is closing its more than 360 stores temporarily to try to curb the spread of COVID-19.  The department store retailer has also withdrawn......
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Retail store closures in the US could explode because of coronavirus

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CNBC – For more and to sign up click here 2019 brought with it record store closures in the retail industry in the U.S. 2020 looks like it is about to be a lot worse. With a coronavirus pandemic hitting many consumers across America, spurring them to stock up at......
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These retailers are closing stores to slow coronavirus outbreak

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CNBC – For more and to sign up click here A man checks his phone in an Apple retail store in Grand Central Terminal in New York City. Drew Angerer | Getty Images Major retailers across the U.S. are shutting down their stores or reducing hours in response to the......
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Nike is closing all of its stores in the US

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CNBC – For more and to sign up click here People walk by a Nike store in New York. Spencer Platt | Getty Images Nike is closing all of its stores in the U.S., along with other parts of the world, to try to curb the spread of the new......
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Patagonia is closing all of its stores because of the coronavirus

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CNBC – For more and to sign up click here A Patagonia store in Telluride, Colorado. Robert Alexander | Archive Photos | Getty Images Patagonia is closing all of its stores and its online operations because of the coronavirus.  In a memo posted on its website as of Friday afternoon,......
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Costco gets a sales boost from the coronavirus

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CNBC – For more and to sign up click here People load Clorox into their car in the Costco parking lot after the first confirmed case of coronavirus was announced in New York State, in Brooklyn, New York, March 2, 2020. Andrew Kelly | Reuters Costco reported stronger sales than analysts......
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Gap names Old Navy chief Sonia Syngal as CEO

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CNBC – For more and to sign up click here Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloomberg | Getty Images Gap Inc. has tapped its Old Navy......
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Rent the Runway tells customers it is cleaning its clothes

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CNBC – For more and to sign up click here The fitting rooms at Rent the Runway’s flagship store in New York City. Source: Rent the Runway Rent the Runway is ensuring its customers that its cleaning practices “are designed to kill viruses such as the common cold and flu,”......
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Weight Watchers CEO Mindy Grossman on her career from Nike to wellness

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CNBC – For more and to sign up click here Grossman joined Tommy Hilfiger in 1988, around the time that Hong Kong billionaire Silas Chou invested in the company. “It was on a path and a trajectory for dynamic growth. Another rocket ship … I think it’s why I tend......
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Nordstrom (JWN) reports fourth quarter 2019 earnings miss

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CNBC – For more and to sign up click here Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Nordstrom shares tumbled Tuesday after the retailer announced it is changing its leadership structure, appointing......

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