Here's what we are reading this morning:
Saks Fifth Avenue owner seeks financing as virus crimps sales -sources - Reuters
Coronavirus Speeds Up Starbucks Shift to Takeout - WSJ
A third of America's malls will disappear by next year: Jan Kniffen (current retail consultant and former exec at The May Department Stores)
Zara to Close 1,200 Stores as It Outlines Post-Coronavirus Future - WSJ
Simon Property Group Terminates Taubman Agreement | Simon Property Group, Inc.
Judge Backs USA Gymnastics Suit for Small-Business Loan - WSJ
AMC Entertainment said it expects to reopen its theaters globally in July after shutting them down in mid-March due to the Covid-19 pandemic
Taubman Centers Confirms Receipt of Notice from Simon Property Group Purporting to Terminate Merger Agreement
Inside story of Brex layoffs after $150 million raise - Business Insider
Extraction Oil Shares Soar Despite Bankruptcy Warning - WSJ