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Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of …

J.Crew filed for bankruptcy this week after years of lackluster sales, but the buyout firm that took it private almost a decade ago still made off with a hefty profit, according to public filings and internal documents reviewed by The Post. Texas-based TPG, headed by billionaires David Bonderman and Jim Coulter, has made a fortune …

Cash-strapped Gap Inc. on Wednesday laid out plans to reopen stores in areas where lockdown curbs have eased, while also introducing social-distancing measures. Retailers are trying to restart business activity brought to a standstill due to the COVID-19 lockdowns. Their stores have remained closed for weeks and have resulted in thousands of workers being laid …

Coming soon to a store near you: Clothing quarantines. In an effort to protect customers from the coronavirus, some clothing retailers have decided to sequester clothes that have been tried on in a fitting room. Saks Fifth Avenue aims to take its clothing out of commission for 48 hours after being tried on, according to …

Gold’s Gym has filed for Chapter 11 bankruptcy after the coronavirus forced it to shut down its workout venues nationwide. The fitness chain stressed that it’s not going out of business even though the crisis forced it to permanently close 30 company-owned locations. The company plans to work through the restructuring process by Aug. 1 …

View this post on Instagram A post shared by L I N D S E Y • V O N N (@lindseyvonn) on May 4, 2020 at 8:19am PDT Lindsey Vonn’s latest quarantine adventure included a giant step to her driveway. On Monday, the retired Olympian, 35, posted a snap from outside her Los Angeles …

Iconic American clothing retailer J.Crew on Monday became the first nationwide retailer to file for bankruptcy as the coronavirus crisis ravages the retail industry. The New York-based company — whose clothes were famously touted by Michelle Obama — is among several major retailers that have suffered while the pandemic forces stores closed and shut shoppers …

Privately held fashion company J.Crew Group is preparing for a bankruptcy filing that could come as soon as this weekend, CNBC reported on Thursday, citing people familiar with the matter. The company is working to secure $400 million in financing to fund operations in bankruptcy, the report added, cautioning that timing could still slip, and …

Not everyone wants sports back as soon as possible. NBA team executives and agents are pushing for the currently suspended season to be officially cancelled — according to a CNBC report — a desire to concentrate on formulating a safe plan to begin next season, mounting financial losses and frustration with the league’s sharing of …

Bankrupt companies are reportedly suing the feds for cutting them off from loans that could keep them afloat during the coronavirus crisis. Troubled firms have filed at least a dozen lawsuits against the Small Business Administration to get access to the $659 billion Paycheck Protection Program offering forgivable loans to help small businesses keep their …