Under Armor stores are reopening across the county after being forced to close due to the Covid-19 crisis, but shoppers aren’t showing up like they used to, according to the retailer’s CEO. “The consumer is there, but it’s still not close to pre-Covid levels … there are doubts,” Under Armor …
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The products are on display at an Under Armor store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armor said Friday that its fiscal second-quarter revenue fell 41%, but overall its results were better than the retailer expected thanks to an e-commerce boost. The shoe maker …
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A JC Penney store in Laguna Hills, California Scott Mlyn | CNBC For JC Penney in bankruptcy, a settlement “is not in the cards,” according to the department store chain attorney. Penney is moving forward with a sale that should be completed this fall, attorney Joshua Sussberg of Kirkland & …
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A pedestrian passes a closed and boarded Victoria’s Secret store on Robson Street during the COVID-19 crisis on April 17, 2020 in Vancouver, Canada. Andrew Chin | fake pictures Victoria’s Secret owner L Brands said Tuesday that he is preparing to cut 15% of his corporate workforce, or about 850 …
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A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, USA, on Saturday, November 16, 2019. Daniel Acker | Bloomberg | fake pictures Two of the largest retailers in the US are closing their doors on Thanksgiving this year, laying …
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