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Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan COVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic...
In a recent Zoom interview sponsored by New York University, Sam Zell – who chairs five public companies and is worth an estimated $4.7 billion – said that “retail is more impaired than most people suggest.” Hence the title to my article today. Because I agree...
In this episode of Motley Fool Money , Chris Hill and Motley Fool analysts Jason Moser and Ron Gross go through the latest headlines from Wall Street. They discuss the wave of store closures and bankruptcies taking place in the retail space; also, Warren Buffett makes his biggest acquisition ...
L Brands (LB), Macy’s (M),JC Penney (JCP), and Ascena (ASNA) are struggling due to decreased foot traffic for retail stores. Unlike other retailers, they’ve been unable to make up for it with online sales. Certain retailers are facing a crisis due to the coronavirus. The ...
Gainers: Senmiao Technology (NASDAQ: AIHS ) +71% . More news on: Senmiao Technology Limited, National General Holdings Corp., Tantech Holdings Ltd, Stocks on the move, , Read more ...
MOGU (NYSE: MOGU ) -14% . More news on: MOGU Inc., Ascena Retail Group, Inc., Fuel Tech, Inc., Stocks on the move, , Read more ...
The mall sector continues to reel from the impact of the pandemic on what were already some fragile balance sheets. More news on: Ascena Retail Group, Inc., Consumer stocks news, Read more ...
The fragile apparel and restaurant sectors are facing another negative few weeks of COVID-19 developments as cases soar. A record level of hospitalizations in Texas tied to the virus has already prompted Governor Greg Abbott to limit capacity at restaurants and close bars, while shopping cen...
In this episode of Industry Focus: Consumer Goods , Emily Flippen and Motley Fool contributor Dan Kline look at some retail and consumer goods companies staring at bankruptcy and discuss their prospects and what they can do to turn their businesses around. They give a breakdown of these busin...
Boot Barn ( BOOT -9.9% ) is one of the largest decliners in the apparel retail sector as COVID-19 developments sours investor sentiment for a quick recovery. More news on: Designer Brands Inc., The Gap, Inc., Ascena Retail Group, Inc., Consumer stocks news, Stocks on the move, Read m...
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U.S. stock futures were mixed this morning, with the Nasdaq futures gaining by around 50 points on Tuesday. Shares of ACADIA Pharmaceuticals Inc ...
In this episode of Industry Focus: Consumer Goods , Emily Flippen and Motley Fool contributor Dan Kline discuss the third round of retail bankruptcies amid the ongoing pandemic. Some of these retailers were already on the "to watch" list for businesses likely to declare Chapter 11. They also ...
Ann Taylor, LOFT, Lane Bryant, Justice and Lou & Grey Continuing to Serve Customers with Compelling Fashion Assortments and an Exceptional Shopping Experience MAHWAH, N.J., July 24, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) and certain of its subsidiaries (co...