The end of retail as we know it?

Post Reports

The Washington Post

Daily News, Politics, News

4.4 • 5.1K Ratings

🗓️ 21 May 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Abha Bhattarai and Damian Paletta unfold the retail bankruptcies weighing down the greater financial system. Chris Davenport explains the stakes of the first launch of NASA crews from the United States in nearly a decade. And, Hira Qureshi on the online community that’s breaking the fast together, each night of Ramadan.

After years of debt, major department store chains are running out of cash –– and fast.

SpaceX faces its toughest test.

Millennials can’t celebrate in person this Ramadan. So they’re sharing food photos with strangers instead.

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Transcript

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0:00.0	This Post Reports podcast is brought to you by Patreon.
0:03.1	The COVID-19 crisis is making it clear that the creative system is broken, serving advertisers over artists.
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0:25.2	From the newsroom of the Washington Post,
0:30.4	Washington Post is called the,
0:33.0	Hi, it's Stephanie McCreement from the Washington Post.
0:38.9	This is Post Reports. I'm routine powers.
0:44.1	It's Thursday, May 21st.
0:46.9	Today, the story behind retail bankruptcies,
0:52.3	a groundbreaking launch for SpaceX, and finding community during a different kind of Ramadan.
1:01.5	JC Penney is the fourth major retailer we've seen so far this month,
1:04.9	file for chapter 11 bankruptcy protection.
1:10.7	And that basically means they've run out of cash, they need help to stay afloat.
1:14.7	And so they're using this as an opportunity to move some of their debt around,
1:18.6	close some stores that aren't working out for them and really reassess their business.
1:26.0	Over the last month,
1:27.0	So the first was J Crew.
1:28.5	She's watched as one.
1:30.2	Then we had Neiman Marcus,
1:31.6	after another,
	...

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