Bloomberg Struggling UK retailer Debenhams Plc moved to protect itself from creditors after closing its stores because of the coronavirus. The department-store chain filed a notice of intent to appoint administrators under UK insolvency procedures. The company said the goal was to avoid being pushed into liquidation as it eyes reopening after virus-related restrictions are eased. Debenhams envisions what it …

Bloomberg Retailers have a new tool to use in the scuffle between landlords and tenants: a court ruling that could help them withhold rent. Pier 1 Imports Inc is the latest retailer to seize on the precedent, asking a judge to let it skip rent payments amid the coronavirus outbreak that has shuttered stores across the US. The judge overseeing …

Bloomberg American Airlines Group slashes daily flights from New York-area airports by 95%, joining United Airlines Holdings Inc in eliminating most operations in the nation’s largest city as the increase in Covid-19 cases guts travel demand. Daily departures from New York’s LaGuardia airport tumbled to eight from Tuesday through May 6, with a drop to three at John F Kennedy …