Browsing Tag

Retail

Macy’s reopens at CherryVale Mall; hours modified

Staff Report CHERRY VALLEY, Ill. - Macy’s announced Monday that its CherryVale Mall location has reopened in Phase 3 of Gov. J.B. Pritzker's Restore Illinois plan. Following the Centers for Disease Control (CDC) as well as state and local guidance, Macy’s opened Monday and will operate 11 a.m. to 7 p.m., with in-store shopping and contact-free curbside pick-up. "We are ready to welcome our customers back to Macy’s Cherryvale,” Chief of Stores Officer Marc Mastronardi said. "We’re …

Neiman Marcus files for Chapter 11 bankruptcy

By Anne D'Innocenzio AP Retail Writer NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic.  The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy filing by J.Crew on Monday. Experts believe there will be more to come even as businesses start to reopen in parts of the country like Texas and Florida.…

Best Buy to furlough 51K workers amid coronavirus pandemic

By Jim Hagerty Reporter MINNEAPOLIS - Best Buy, beginning, April 19, will temporarily furlough around 51,000 hourly store employees and almost all part-time workers, the electronic retailer announced Wednesday, April 15. Furloughed employees will retain health benefits at no cost for a minimum of three months. The company says it will retain approximately 82% of its full-time store and field employees on its payroll, including the majority of In-Home Advisors and Geek Squad Agents.…