retailers

The private equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy JCPenny out of bankruptcy, The Post has learned. Big Apple-based Sycamore Partners has offered $1.75 billion to buy the 118-year-old department store chain with plans to …

The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, had been dragged down by debt and weak sales for years. As part of its bankruptcy …

New York City’s progress fighting the coronavirus is doing little to help retailers, who say business in the city that never sleeps has become worse than anywhere else in the country. National retailers — from Shake Shack, Applebees, and cap seller Lids — say their Big Apple stores are bouncing back slower than even neighboring …

Tapestry Chairman and CEO Jide Zeitlin stepped down on Tuesday amid an investigation into his personal behavior, a source familiar with the matter said. The source said Tapestry’s board had hired a law firm to investigate allegations from at least one woman of Zeitlin posing as a photographer under an alias to lure her into …

In a week that saw big chains like Kohl’s, CVS and Target announce that all shoppers must wear masks to prevent the spread of coronavirus, only Walmart said it is creating a dedicated enforcement team. The Bentonville, Ark.-based behemoth said that it will install “health ambassadors” at each location to help implement the rule, which …

Kohl’s has joined retail heavyweights like Walmart and Best Buy by requiring all customers at every store to wear masks beginning Monday to fight the spread of coronavirus. “As COVID-19 cases continue to rise, face covering mandates have grown to apply to approximately 70 percent of our store base — therefore we’ve made the decision …

JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the US department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis. The layoffs would affect corporate, field management, and international roles and eligible departing employees would receive a severance package. The company is also in …

Recently, some social media users have been sharing images online of radio-frequency identification (RFID) tags on Victoria’s Secret clothing items and claiming they are being used to track users. This claim is untrue. Some of the posts falsely claim a link to sex trafficking. One post reads: “So the person who created and runs victoria secret …

Microsoft said Friday it is permanently closing nearly all of its physical stores around the world. Like other retailers, the software and computing giant, co-founded by now-philanthropist Bill Gates, had to temporarily close stores in late March due to the COVID-19 pandemic. According to its website, Microsoft has 83 stores worldwide, including 72 stores in …

Macy’s said it will axe 3,900 corporate employees on Thursday as it struggles to recover from coronavirus lockdowns nationwide. The department-store giant said it has also eliminated an undisclosed number of store employees, who may be rehired as the company’s sales recover. Many furloughed workers will be asked to return to their jobs starting in …