Ann Taylor and Loft’s parent company, Ascena Retail Group, filed for Chapter 11 bankruptcy protection Thursday morning, marking the latest apparel maker on the brink of the coronavirus pandemic. With thousands of physical stores, at its peak, Ascena was once the largest retailer of women’s clothing in the country, having …
Read More »Chipotle Mexican Grill (CMG) 2020 second quarter earnings
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | fake pictures Chipotle Mexican Grill is expected to report its second quarter earnings after the bell on Wednesday. This is what Wall Street expects, based on an analyst survey …
Read More »Nike shakes up its executive team and announces job cuts
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike announced a series of leadership changes Wednesday, as well as job cuts, in an effort to focus on its digital business and sell more directly to customers as the coronavirus pandemic changes …
Read More »Whole Foods Sues Workers for Banning BLM Face Coatings
A federal lawsuit against Whole Foods Market accuses the supermarket chain of retaliating against its employees when it prohibited them from wearing Black Lives Matter face covers while they worked. July 20, 2020 9:35 PM 2 min read Share on FacebookShare on TwitterEmail this article BOSTON – Whole Foods Market …
Read More »Best Buy says sales are rebounding as stores reopen
A buyer makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | fake pictures Best Buy said Tuesday that it recovered about half of its laid-off employees as sales rebounded. The retailer said in a press release that its second-quarter sales increased approximately …
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