Business

Pier 1 Imports To Liquidate All Remaining Stores

The New York Post reports: Pier 1 Imports is calling it quits. The bankrupt home-goods retailer has asked a court for permission to liquidate its remaining 540 stores once they reopen, ending a 58-year legacy of selling colorful glassware, wicker furniture and other home decor. “This is not the outcome we expected or hoped to achieve,” Robert Riesbeck, Pier 1’s …

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Apple Stores To Require Temperature Check To Enter

The Washington Post reports: Apple’s retail stores are known for crowded areas of display devices ready for experimenting and the ability to make a purchase without needing to line up at a cash register. But as the Cupertino, Calif.-based tech giant reopens about 100 of its retail stores globally, the customer experience is bound to feel different. Apple will be …

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Delta Airlines To Resume Suspended Flights In June

Reuters reports: Delta Air Lines said on Monday it would resume flying several major routes in June that were suspended due to the coronavirus pandemic, including some Trans-Atlantic and Caribbean destinations. Delta is adding roughly 100 more daily flights in June versus May, including service out of its Atlanta hub and New York’s John F. Kennedy International Airport to Florida, …

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100,000 Cruise Workers Still “Trapped” Aboard Ships

Complex reports: It’s been two months since the cruise industry closed down due to the COVID-19 pandemic. Now, more than 100,000 workers are still trapped on ships, with many going unpaid. According to the Miami Herald, crew members don’t know when they’ll be able to go home. While cruises allowed most passengers to disembark the ships, employees have been left …

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NYC Urgent Care Chain: Free Tests For The Uninsured

The New York Daily News reports: CityMD will provide free coronavirus tests to uninsured New Yorkers as part of a partnership with the city aimed at getting tens of thousands of people tested every day, Mayor Bill de Blasio said Sunday. The urgent care company is offering testing at each of its 123 walk-in sites in the area, Hizzoner said, …

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J.C. Penney Files For Chapter 11 Bankruptcy Protection

CNBC reports: J.C. Penney, weighed down by debt and battered by the coronavirus, has filed for bankruptcy. Sales at J.C Penney have fallen annually since 2016. Its roughly 860-store footprint is less than a quarter of its store base in 2001. The company’s nearly $11 billion in sales for the last fiscal year are almost a third of its sales …

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United Only Has Work For 12% Of Flight Attendants

Reuters reports: United Airlines Holdings Inc has told staff that it only has work for about 3,000 of its about 25,000 flight attendants in June, sources said, and warned of job losses if demand does not recover by the time government payroll aid expires in the fall. United is paying flight attendants until Sept. 30 thanks largely to $5 billion …

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Tesla To Unveil Breakthrough “Million Mile” Battery

Reuters reports: Electric car maker Tesla plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid. For months, Tesla …

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NYC May Let Restaurants And Bars Use The Streets

The New York Daily News reports: New Yorkers should get used to dining alfresco. City streets could transform into sidewalk cafes to give patrons more space when restaurants and bars reopen as coronavirus restrictions are lifted. An interagency group with the Department of Transportation is looking at how the city could use streets, curbs and sidewalks to allow for socially-distanced …

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Steak ‘N Shake To Close Dozens Of Outlets For Good

The Washington Post reports: The impact of the coronavirus on businesses has prompted the parent company of the fast-food restaurant Steak ‘n Shake to close 57 of its stores for good. Biglari Holdings will close 51 corporate-owned locations and six franchise locations, according to its first-quarter report. Net sales decreased nearly 37 percent during the first quarter of 2020 compared …

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National Buffet Chain To Close All Outlets Permanently

The San Diego Tribune reports: Souplantation, the popular buffet-style dining brand founded in San Diego 42 years ago, is closing all of its restaurants permanently, a casualty of the coronavirus pandemic that is likely to be the death knell for all self-serve eateries. The permanent shuttering of the 97 restaurants, including 44 in California, was announced Thursday following weeks of …

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Neiman Marcus Files Chapter 11 Bankruptcy Protection

The Dallas Morning News reports: The first high-profile retail casualty of the global coronavirus pandemic is a 113-year-old luxury retailer that put Dallas on the world’s fashion map. Neiman Marcus said it will shed $4 billion of its debt in the bankruptcy reorganization filed Thursday in U.S. bankruptcy court in Houston. The company said it plans to emerge from bankruptcy …

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UTAH: 68 New Cases Traced To Two Defiant Businesses

The Provo Daily Herald reports: Nearly half of the employees of a Utah County business tested positive for COVID-19 after the business instructed employees to not follow quarantine guidelines and required staff who had tested positive to report to work, according to a written statement from county executives. The statement, which was released Monday evening and was signed by Utah …

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Meat Shortages Spike Demand For Plant-Based “Meats”

The Hill reports: Plant-based meat companies Beyond Meat and Impossible Foods have seen surges in sales due to a shortage of beef and pork during the coronavirus pandemic. Beyond Meat reported its first quarter net revenues increased 141 percent from the previous year to over $97 million, compared to over $40 million in first quarter in 2019. Impossible Foods, which …

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Google Doubles COVID Reponse Donations To $100M

Axios reports: Google’s philanthropic arm is doubling its planned coronavirus response donations to a total of $100 million, Google.org head Jacquelline Fuller told Axios. The effort is in addition to coronavirus-related moves by the corporate side and, in some cases, also comes with hands-on technical support from Google employees to help organizations with the technical aspects of their efforts. Google.org …

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Hertz Granted Two Week Reprieve On Bankruptcy

Yahoo Finance reports: Lenders granted Hertz Global Holdings Inc. an eleventh-hour reprieve from a potential bankruptcy, giving the struggling rental-car company more time to work out a rescue plan after it missed debt payments. The forbearances and waivers give Hertz until May 22 to “develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global …

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Apparel Sellers Change Fitting Rooms Due To COVID

The New York Post reports: 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 a spokeswoman. Macy’s is planning to quarantine its apparel …

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REPORT: 20% Of Wendy’s Outlets Currently Out Of Beef

CNN reports: The national meat shortage has come for Wendy’s. The fast food chain says some menu items are unavailable, and one analyst estimates nearly one in five of Wendy’s restaurants are out of beef. Around 1,000, or 18%, of Wendy’s 5,500 US restaurants are not serving any hamburgers or other meat-based items, according to an analysis of online menus …

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Gold’s Gym Files For Chapter 11 Bankruptcy Protection

USA Today reports: Gold’s Gym filed for Chapter 11 bankruptcy protection Monday as the coronavirus pandemic wreaks havoc on the company’s business. With fitness centers in most of the nation shuttered due to COVID-19, Gold’s Gym said it was forced to seek relief from its creditors. The mostly franchised Gold’s Gym, which recently permanently closed 30 company-owned locations, said the …

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Retailer J. Crew Files For Chapter 11 Bankruptcy

CNBC reports: Clothing apparel company J. Crew filed for bankruptcy Monday, marking the first major retail bankruptcy of the coronavirus pandemic. The New York-based retailer had already been struggling under a heavy debt load and sales challenges, as it suffered criticism that it fell out of touch with its once-loyal customers. In the past few years, the brand lost both …

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