Retail sales look to recover; nations eye economic concerns
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June 12, 2020
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.
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EARNINGS RESULTS:
— Party City's first-quarter sales fell 19% as it dealt with temporary store closures. Its North American online sales dropped 15.4%. However, when adjusted for curbside pickup and delivery and buy online/pick up in store, the figure declined 6.9%.
CEO Brad Weston said Friday that the company has an agreement with some bondholders to...
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