Daily Headlines

September 23, 2020
Apparel retailer Francesca’s issues ‘going concern’ warning as sales tumble
Bed Bath & Beyond Inc. Appoints Juan Guerrero as Chief Supply Chain Officer
H&M’s Coronavirus Recovery Beats Expectations (WSJ subs.)
Wall Street Journal
Cofounder of retail giant Duty Free Shoppers has finally given all his money away
Hobby Lobby raises minimum wage to $17
Fox Business
Facebook will buy REI’s unused Bellevue headquarters complex for nearly $368 million
Seattle Times
Why Venture Capitalists Gave Two 27-Year-Olds $1 Billion To Build The Ultimate Online C-Store
PayPal introduces a new installment credit option called “Pay in 4″
TechCrunch
Amazon’s drone delivery ambitions hit key milestone with new FAA approval
Some customers miss out as Marks & Spencer launches food delivery with Ocado
Retail Eviction Proceedings Pick Up as Economy Restarts (WSJ subs.)
Wall Street Journal
Old Navy will pay employees to work at voting polls on Election Day
J.C. Penney sale talks stall, pushing retailer to brink
Members of Walmart+ will receive a savings of up to five cents per gallon on fuel transactions at Walmart, Murphy USA and Murphy Express locations
Neiman Marcus execs face slashed retirement as CEO rakes in bonuses
Nordstrom’s Q2 sales fall 53%
Kohl’s Q2 net sales down 22.9%
Advance Auto Parts Q2 comp sales +7.5%
US home construction surges 22.6%, third monthly increase
Amazon Bets on Office-Based Work With Expansion in Major Cities (WSJ subs.)
Wall Street Journal
Shoe Seller Payless Attempts a Comeback (WSJ subs.)
Wall Street Journal
Up-for-sale British grocer Asda targets online expansion