The Week in Business: Who’s Ready to Go Shopping?

Limping companies are making ready to reopen throughout the nation, and a few Individuals are raring to get out of the home. Is that this the start of the financial system’s restoration or will it result in a resurgence of coronavirus infections? Right here’s the enterprise information it’s good to know for the week forward.

Like many major retailers, J.Crew was struggling financially long before the coronavirus. But the pandemic pushed it over the edge, and the company is said to be preparing to file for bankruptcy protection. Different chain shops and purchasing facilities — like Macy’s and Simon Property Group, the nation’s largest mall operator — are planning to reopen within the coming weeks with particular guidelines in place. In a memo, Simon mentioned that mall safety officers and workers will “actively remind and encourage consumers” to avoid each other. And at Macy’s, becoming rooms will probably be restricted and wonder counter consultations accomplished from a distance. It’s a bet, but when the measures work, they’ll be used as a blueprint by different companies.

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