The economic ramifications of joblessness will linger for retail and fashion.
The off-mall retailer’s sales dropped 40.6 percent as its stores were forced to close in an era of social distancing.
Branding expert Martin Lindstrom on this moment’s critical question.
Still, the company has taken a big COVID-19 hit, including through a $323 million impairment charge to its Timberland business.
The department store business was cut nearly in half as the COVID-19 shutdown shutout retailers as consumers stayed home.