Retail Apocalypse

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.

A bankruptcy filing would cap a long decline for the iconic 118-year-old department store chain, which has struggled with a nearly $4 billion debt load and competition from e-commerce firms.

Loan package with existing lenders could total up to $1 billion

The company’s struggles were compounded in recent days after the coronavirus pandemic forced the closure of 850 J.C. Penney stores.

Gap employees will continue to receive compensation if diagnosed with coronavirus.

On Tuesday, Curbed reported that more and more malls are focusing on entertainment centers to draw more traffic.

Former Snap Inc. chief strategy officer Imran Khan predicts the e-commerce industry has incredible growth potential, so he put his money where his mouth was and founded Verishop.

L’Oreal, one of the largest cosmetics companies in the world, is not feeling as much pain from the coronavirus, in part because it tries to manufacture where it sells.

The retail struggle is real for Wayfair.

A reorganization is underway at Kohl's.