The company estimated that temporary store closures in Europe and Canada negatively impacted its fourth-quarter sales by about $950 million to $1.05 billion.
The company reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court in Corpus Christi, Texas.
Customers are demanding safe shopping experience. That's why retailers must update with touchless, contactless or no-touch payment technology. Shoppers want to stay safe and not touch anything.
Customers Demand Touchless Payment Technology: Jeff Kagan