Virgin Atlantic bankruptcy distracts from the growth of Richard Branson’s Virgin Galactic Although Virgin Atlantic attributes its downfall to the pandemic, its liquidity issues predate the virus. In 2018, the airline reported a $75 million loss on revenue of $3 billion. Steven Lerner 8.10.20 3:45 PM
Retailers are scrambling this back-to-school season- here's what they're selling instead of notebooks Students and retailers are in a confusing spot as back-to-school season approaches. Some states and schools are delaying class indefinitely, others are hoping to carry on as normal. People aren’t sure what to prepare for, or what to buy. Julia Gray 8.6.20 8:00 PM
California Pizza Kitchen filed for bankruptcy after withholding rent. How will this impact REITs? The collapse of CPK cuts into the divide between dine-in pizza chains and delivery services in 2020. Its bankruptcy could also affect the REITs that have CPK locations. Steven Lerner 8.5.20 5:00 PM
Abercrombie & Fitch sues Simon Property Group in latest retailer vs. REIT clash Retailers are pulling out of Simon Property Group malls and missing rents, while SPG sues tenants. Henry Englert 8.5.20 3:00 PM
Men’s Wearhouse bankruptcy can be traced back to exit of founder George Zimmer Unlike its suits, Men’s Wearhouse hasn’t looked sharp since 2013. That was when the company abruptly ousted founder and Executive Chairman George Zimmer. The exit of Zimmer was the first domino to fall as the company pursued a strategy built on racking up debt. Steven Lerner 8.4.20 4:09 PM
L’Oreal shuttering Clarisonic is a cautionary tale and opportunity for beauty brands Clarisonic, the brand behind the popular skincare cleansing device, is shuttering operations. LOreal, the parent company, cited a need to “focus its attention on its other core business offerings.” But data shows LOreal’s troubles go beyond a fancy face brush. Steven Lerner 7.29.20 8:50 PM