Reuters ahead with key news on coronavirus impact on U.S. retailers

Reuters was ahead with news on the impact of the coronavirus pandemic on U.S. retailers, exclusively reporting that Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the outbreak. Reuters was first to report that Lord & Taylor is exploring filing for bankruptcy protection, after it was forced to temporarily shut all of its U.S. department stores. Reuters also broke news that Stage Stores Inc is asking vendors for more time to pay bills and other concessions as the discount department store chain seeks to avoid a bankruptcy filing.