Here are the 16 stores expected to shut

Here are the 16 stores expected to shut

Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic.  The company today has 116 full-line stores, absent its...
JC Penney in talks to fund potential bankruptcy filing next week

JC Penney in talks to fund potential bankruptcy filing next week

Robert Barnes | Getty Images J.C. Penney is in talks to secure financing for bankruptcy as the coronavirus pandemic has devastated the American retail industry, people familiar with the matter tell CNBC.  The Plano, Texas-based retailer skipped a $12 million interest...
Here’s why restaurants reopening could be good news for summer jobs

Here’s why restaurants reopening could be good news for summer jobs

For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions...