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Will JC Penney bankruptcy buy time?

When research firm GlobalData surveyed Americans on which stores they were most looking forward to visiting once the Covid-19 pandemic subsided, one household name came out near the bottom, and well below its department-store peers: JC Penney. That helps to explain the news that the retailer — which began life in 1902 as a store called The Golden Rule — ...

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Work-from-home is kind of fine . . . for now

There are reasons to be optimistic about corporate America getting more comfortable with work-from-home arrangements brought on by the coronavirus pandemic. Workers gain more flexibility around their working and living arrangements. Both companies and workers stand to save money by relying less on high-cost real estate. If it results in no loss of productivity, what’s not to like? But as ...

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Covid-19 predicament just isn’t all that new

The great “flu” pandemic of 1889 started in Russia, infecting more than half the inhabitants of Saint Petersburg, then spread rapidly through Europe. Its victims included Prince Albert Victor, the grandson of Queen Victoria. Americans felt safe for a few months — until the first infections appeared in New York, and rail travel quickly spread it to other cities across ...

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