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Retail
Ross Stores Furloughs Workforce

As its stores remain closed due to the coronavirus pandemic, Ross Stores will temporarily furlough the majority of its store and distribution center associates, as well as some other associates across the business starting on Sunday, April 5, and until operations can resume in their areas.

Retail
Stein Mart Extends Temporary Store Closures

Based on the latest guidance from federal, state and local government and health authorities, and in the interest of the health and safety of its customers and associates, Stein Mart is extending the temporary closure of all stores beyond the previously announced March 31 date. As the situation continues to evolve rapidly, Stein Mart is not currently able to predict when the stores will reopen.

Retail
Big Lots Strengthens Business Operations

Big Lots has updated its business operations related to the impact of COVID-19. As a provider of everyday essentials, Big Lots said its stores remain open with a special emphasis on grocery, cleaning, pet, and health and wellness assortments.

Retail
Stage Stores Addresses NYSE Listing Standards

Stage Stores has received notification from the New York Stock Exchange that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Retail
Activist Investors Eye Big Lots Value Opportunity

Macellum Advisors and Ancora Advisors, activist investors who are sponsoring a slate of nominees for the Big Lots board of directors, has issued an open letter for fellow shareholders describing what they see as means to increase the value of the company.

Retail
Ross Stores On Track For 100 New Locations

Ross Stores, with the recent opening of 19 Ross Dress for Less and seven DD’s Discount locations across nine different states in February and March, is on its way to fulfilling a goal to debut 100 total locations this year. 

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