The coronavirus pandemic has wreaked havoc in fashion retail, leaving a growing number of storied brands on the brink. Lord & Taylor and Jos. A. Bank are among the latest to declare bankruptcy.

The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. It's joined in pandemic bankruptcy by rival Brooks Brothers and a growing list of others.

The retailer was acquired in 2019 by online clothing-rental startup called Le Tote. It joins a cascade of bankruptcies by major apparel stores, triggered by the doldrums of the coronavirus pandemic.

The company's sales went through the roof between April and June, hitting close to $89 billion — a 40% increase from a year earlier. Amazon added 175,000 new hires to help keep up with the demand.

CEOs of Apple, Google, Amazon and Facebook answered questions from members of a House subcommittee investigating whether these tech powerhouses have grown too powerful.

The CEOs tell Congress that the giant American tech companies do not stifle competition, saying the concern that too much power is concentrated in too few companies is unfounded.

For the first time, CEOs of Amazon, Apple, Facebook and Google will appear together before a House panel Wednesday to answer lawmakers about whether they're using their power to squash competition.

The first congressional testimony by Jeff Bezos comes at a time when he and Amazon are seeming at their zenith, occupying ever-growing space in American culture.

The heads of Facebook, Google, Amazon and Apple will face lawmakers' questions about whether they are using their power to squash competition.

Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.

Stores, supermarkets and gas stations are grappling with low supplies of pocket change. The national shortage is due in part to people going out less to spend money during the pandemic.

U.S. stores and restaurants got a boost in June as retail sales jumped 7.5%. Spending on clothes doubled. But this was before a new surge in the coronavirus prompted renewed shutdowns in some states.

Walmart and Sam's Club, as well as Kroger, join a growing list of retailers making masks mandatory in stores. The National Retail Federation is urging all stores to adopt the same policy.

Congress has yet to pass a measure that would ensure a pay boost for people who have been asked to keep going to work during the coronavirus pandemic shutdowns.

The list of major advertisers pulling out of Facebook continues to grow as the company weathers criticism over its handling of racist, violent and other hateful rhetoric on the platform.

The company is making permanent a $2 bonus it created during the pandemic, as many retailers have been phasing out "hazard pay." Target previously planned to raise its pay minimum by the end of 2020.

Quaker Foods is retiring the name and logo of its 130-year-old pancake and syrup brand. Uncle Ben's and Mrs. Butterworth's also plan to change their packaging and marketing.

Spending is still nowhere near last year's. But as more states and cities allowed restaurants and shopping centers to reopen, May saw a big swing from a historic collapse in March and April.

Amazon has long resisted calls for such testimony, but a new letter to the House Judiciary Committee suggests Bezos is open to joining other tech CEOs at an antitrust hearing.

After a devastating pandemic, skyrocketing unemployment, and civil unrest against police brutality, America's businesses wonder: where to go from here?