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Music From Wondery, I'm David Brown, and this is Business Wars Daily on this Thursday, April 23rd.

I'm seeing an awful lot of jokes these days about changing from professional

work attire to what we wear in the evening. That would be a swapping day pajamas for nighttime

pajamas, right? Bottom line is most of us aren't shopping for work clothes. I mean, who needs

fancy duds to work from home? Indeed, clothing sales fell by more than half last month,

according to the New York Times. And those sales are predicted to get even worse. That's bad news for the already grim

retail sector, and at least one luxury retail chain in particular, Dallas-based Neiman-Marcus.

The department store's credit, already bad, has fallen to junk bond status, according to Reuters.

That's caused a lot of speculation

in the press and elsewhere. It's also created a lot of confusion. On Monday, Texas Lieutenant Governor

Dan Patrick mistakenly told Fox News that Neiman Marcus was bankrupt, that according to the Dallas

...