There s one bright spot retailers are in a position to benefit from:
E-commerce sales growth has been enormous and is expected to continue. Moody s projected growth of 14% to 15% for e-commerce sales in 2021, even as people are expected to return to stores as the pandemic ebbs.
Here s a list of major retailers for whom 2021 could be a make-or-break year based on USA TODAY research, public data and analyst reports:
J.C. Penney
The company was at risk of total liquidation for months as it negotiated with its creditors. After reaching a deal to sell to a consortium of property owners, including mall company Simon Property Group, J.C. Penney emerged from bankruptcy in December having closed more than 150 stores.
Former medical director of Suboxone manufacturer Indivior sentenced in connection with drug safety claims
news-expressky.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news-expressky.com Daily Mail and Mail on Sunday newspapers.
Express taps adviser, seeks funds to outlast COVID Published: Dec. 22, 2020 at 6:02 a.m. ET By Resize icon
Fashion retailer Express Inc. has hired investment bank Lazard Frères & Co. to help raise enough financing to carry the company through the Covid-19 pandemic, CEO Timothy Baxter said.
The Columbus, Ohio-based workwear retailer is looking to solidify its finances, Mr. Baxter said. He said Express isn t considering bankruptcy and continues to take decisive and appropriate action to manage liquidity throughout this prolonged pandemic.
With so many Americans working from home, the pandemic has dealt a harsh blow to Express and other retailers focused on apparel designed for the office. The company is looking to add to its cash reserves to stay afloat until enough of the U.S. population is vaccinated against the coronavirus to allow for a resumption of in-person shopping and office work, according to people familiar with the matter. Without the additional finan
Fashion Retailer Express Taps Adviser, Seeking Financing to Outlast Covid
The pandemic’s severe impact on workwear retailers continues How will the pandemic affect America’s retailers? As states across the nation struggle to return to business, WSJ investigates the evolving retail landscape and how consumers might shop in a post-pandemic world. By Dec. 22, 2020 5:30 am ET
Fashion retailer Express Inc. has hired investment bank Lazard Frères & Co. to help raise enough financing to carry the company through the Covid-19 pandemic, CEO Timothy Baxter said.
The Columbus, Ohio-based workwear retailer is looking to solidify its finances, Mr. Baxter said. He said Express isn’t considering bankruptcy “and continues to take decisive and appropriate action to manage liquidity throughout this prolonged pandemic.”
Action Follows Sentencing of Former CEO and Corporate Resolutions
ABINGDON, Virginia - Timothy Baxter, the former medical director of Indivior PLC, was sentenced today in federal court in Abingdon, Virginia, to six months home detention, 100 hours of community service, and a $100,000 criminal fine in connection with the company’s marketing of an opioid drug.
Baxter pleaded guilty in August 2020 to a one-count misdemeanor Information related to Indivior’s false and misleading representations to the Massachusetts Medicaid program (MassHealth) regarding Suboxone, a drug approved for recovering opioid addicts to avoid or reduce withdrawal symptoms. In connection with his guilty plea to causing the introduction into interstate commerce of misbranded drugs under the Federal Food, Drug, and Cosmetic Act, Baxter admitted that he failed to prevent Indivior from sending false and misleading information to MassHealth related to the relative safety of Suboxone Film, a version of Suboxone,
vimarsana © 2020. All Rights Reserved.