Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday. Lord & Taylor's preparations to liquidate its inventory as soon as its stores reopen offer a window into the grim future of a high-profile retailer - a storied department store chain founded in 1826 and billed as the oldest in the United States - that does not expect to survive the pandemic's economic fallout. On Monday, retailer J.Crew Group Inc filed for bankruptcy protection with a plan to avoid liquidation and reorganize its debts thanks to an agreement with its creditors....
In an SEC filing, Norwegian is warning investors the cruise line has "substantial doubt about the company’s ability to continue" amid the coronavirus crisis. Yahoo Finance’s Emily McCormick joins Seana Smith to discuss....
Senior Regional Economist at Moody’s Analytics Adam Kamins joins Yahoo Finance’s Aarthi Swaminathan and Seana Smith to break down which U.S. regions most vulnerable and the locations that could emerge the strongest after the coronavirus. ...
