#JCPenney set to emerge from bankruptcy after court approval

#JCPenney set to emerge from bankruptcy after court approval

“#JCPenney set to emerge from bankruptcy after court approval” J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders. The US Bankruptcy Court for the Southern District of Texas approved a purchase…

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#Election uncertainty taking toll on online shopping

#Election uncertainty taking toll on online shopping

“#Election uncertainty taking toll on online shopping” Uncertainty around Election Day has put a crimp into online shopping. Consumers have spent less money on the web this week than experts had anticipated, according to a study, raising concerns that prolonged confusion and anxiety around the US presidential election could hit retailers as the holiday season…

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#Tupperware sees profits quadruple amid COVID-19 closures

#Tupperware sees profits quadruple amid COVID-19 closures

“#Tupperware sees profits quadruple amid COVID-19 closures” Tupperware relied on social gatherings for explosive growth in the mid 20th century. In the 21st century, it is social distancing that is fueling sales. Restaurant pain has turned into Tupperware’s gain with millions of people in a pandemic opening cookbooks again and looking for solutions to leftovers….

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#JC Penney sees bankruptcy protection exit by Christmas

#JC Penney sees bankruptcy protection exit by Christmas

“#JC Penney sees bankruptcy protection exit by Christmas” JC Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall owners in the…

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#Saks pushing back its Barneys relaunch plans, CEO says

#Saks pushing back its Barneys relaunch plans, CEO says

“#Saks pushing back its Barneys relaunch plans, CEO says” The coronavirus pandemic has sidelined efforts to revive the Barneys New York brand, The Post has learned. Barneys — an iconic high-end retailer that shuttered all of its stores for good in February after filing for bankruptcy last year — had been slated to make a…

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#B&H accused of discrimination by furloughed workers

#B&H accused of discrimination by furloughed workers

“#B&H accused of discrimination by furloughed workers” Some furloughed employees at B&H Photo Video fear that they recently lost their jobs for good — and claim it’s because they reported unsafe working conditions during the coronavirus outbreak. After complaining about the company’s handling of the pandemic back in March — including packed indoor prayer services…

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