American companies spent years in an economic boom. Then the coronavirus hitThe pandemic could cast a long shadow, permanently changing how companies spend money, sell goods and run their businesses.
JC Penney in talks to fund potential bankruptcy filing next weekIf J.C. Penney files for bankruptcy without financing in hand, it could doom the department store chain's restructuring process.
Outback parent company Bloomin' Brands doubles down on takeout business after sales tripleInvesting in delivery in recent years, including a rewards program and digital ordering, has paid off for Bloomin' in the long run and will continue to pay off going forward, Deno said.
When will restaurants and bars reopen? Here's what experts are sayingThe outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.
Department stores had an insane week. Here's everything that happenedIt was another onslaught of bad news from America's department store chains, including bankruptcy filings and store closures, this week. And that likely will not be letting up anytime soon.
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