Measures to contain the coronavirus outbreak have weighed heavily on retailers, with J.C. Penney , J.Crew, Neiman Marcus and Stage Stores all having recently filed for bankruptcy. Seattle-based Nordstrom said online sales rose 5% to $1.1 billion in its first quarter ended May 2. “We successfully strengthened our financial flexibility by increasing liquidity, lowering inventory by more than 25 percent from last year and significantly reducing our cash burn by more than 40 percent from March into April,” Chief Executive Erik Nordstrom said in a statement.

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Mindbody Founder & CEO Rick Stollmeyer joins Yahoo Finance’s On The Move panel to weigh in on consumer behavior and booking trends as more states look to reopen wellness services.

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At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

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