Coach and Kate Spade owner Tapestry reported a slower-than-expected loss Thursday, as a strong online business helped offset the impact of closed stores during the coronavirus pandemic. The company said it will cut spending and shift its focus to digital growth as part of a turnaround plan. It said e-commerce …
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Using a nasal swab and a test tube, hundreds of Kroger employees gave themselves a Covid-19 test. The nation’s largest supermarket chain said Thursday it wants to sell the test kits at home to employers trying to reopen or stay open as the coronavirus pandemic continues. Kroger and CVS Health …
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Off-price retailer Stein Mart declared bankruptcy on Wednesday and announced it would close most of its stores as the coronavirus pandemic continues to take a toll on the retail sector. Stein Mart, based in Jacksonville, Fla., filed for bankruptcy of Chapter 11 protection and informed it has already begun with …
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Churchill Downs on Tuesday released its health and safety plan for the Kentucky Derby and “the fastest two minutes in sports,” will look very different this year. Included in the 62-page plan are details on attendance, which will be limited to 14% of Churchill Downs’ total capacity, along with changes …
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A Stein Mart store in King of Prussia, PA. Google Earth Off-price chain Stein Mart announced Wednesday that it has filed for Chapter 11 bankruptcy protection and plans to close most, if not all, of its stores permanently, adding to the turmoil in a retail sector that has been hammered …
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