Tag: coronavirus

October 30, 2020

Under Armour on Friday reported earnings and sales that topped estimates, with consumers stocking up on the brand’s sneakers and workout gear during the coronavirus pandemic. CEO Patrik Frisk cited higher demand for the athletic apparel maker’s products, especially in […]

October 23, 2020

The coronavirus pandemic will have a profound impact on holiday shopping due to dramatically changed shopping behaviors. Customers want to feel safe shopping in stores and are spending money in different categories than last year, as we go into the […]

October 22, 2020

As the coronavirus pandemic and holiday season collide, Target said Thursday is is rolling out new measures over the next few weeks to put shoppers at ease. It will double the number of parking spots dedicated to curbside pickup. Customers […]

October 21, 2020

Retailers scrambled to change their fulfillment operations as the coronavirus pandemic gripped the country. Stores shut down, and those left open had to figure out a way to get their inventory to online shoppers. In April, Levi’s began increasing its […]

October 8, 2020

The coronavirus pandemic disrupted virtually every segment of the retail industry and created an incomparable sense of uncertainty. Between dealing with both supply and demand issues, an economic downturn and temporary store closures en masse, the effects of the past […]

October 2, 2020

Amazon says that nearly 20,000 frontline workers in the US have contracted COVID-19, the equivalent of 1.44 per cent of its total workforce. Amazon disclosed the figures, which cover both Amazon and Whole Foods workers, in a blog post this […]

October 2, 2020

Black Friday has been losing its clout for years. The coronavirus pandemic could be what finishes it. The one-day event of doorbuster deals, packed mall parking lots and crowded shops has long been considered the unofficial kickoff to the holiday […]

October 1, 2020

It was March 16 — just three days ahead of the grand opening of dozens of retail stores at the American Dream megamall in New Jersey — when the 3-million-square-foot complex shut down due to the coronavirus pandemic. Ongoing construction […]

September 30, 2020

Party City last week announced plans to open 25 Halloween City stores, down from 255 in 2019. In September, Spirit Halloween revealed plans to open about 1,400 pop-ups, three percent higher than last year. The difference reflects wide uncertainty regarding […]

September 29, 2020

The Centers for Disease Control and Prevention wants all those Americans who have made Black Friday shopping trips an annual event to stay far away from the mall and retail stores this year. The government agency has issued a list […]

September 25, 2020

The Christmas selling season is kicking off earlier than ever and Walmart announced on Wednesday its plans to meet the needs of its customers at this time. The retailer said it plans to hire an additional 20,000 workers to help […]

September 24, 2020

Month by month, retailers are starting to pay more rent as states lift shutdown orders and consumers become more comfortable venturing out to shop during the coronavirus pandemic. But negotiations, sometimes heated, continue between tenants and landlords. In some cities […]

September 23, 2020

While it’s no longer thought to be a primary source of transmission of the novel coronavirus, people are still thinking twice before interacting with public touch screens. Throughout retail, some are seeing voice-driven technology as a perfect solution that lets […]

September 21, 2020

Did you know the US had 23.8 square feet of store space for every single person in 2018? That’s more than any other country in the world and this stunning stat comes from the International Council of Shopping Centers. Yes, […]

September 21, 2020

Trader Joe’s, with no e-commerce presence or curbside pickup, missed the pandemic-driven e-grocery surge and doesn’t seem to mind. The limited-assortment grocer is also experiencing challenges because its smaller stores are harder to reconfigure for social distancing. Long lines outside […]

September 18, 2020

Cash usage has dropped by around 30 per cent over the last decade and is expected to be used in just 10 per cent of transactions by 2028. According to a new report from the National Audit Office (NAO) on […]

September 15, 2020

The presidential election typically causes distractions to holiday selling every four years and this year’s disruption might eclipse all others. Eighty-three percent of registered voters say it “really matters who wins” the presidential election, higher than the share who said […]

September 11, 2020

Beginning in late July, a number of major retailers announced that they would be closing stores on Thanksgiving Day for the first time in years. Walmart kicked it all off, stating they would be closing their stores on the major […]

September 10, 2020

The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, it announced Thursday, joining the dozens of other retailers that have been pushed to the brink during […]

September 9, 2020

Louis Vuitton owner LVMH is scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. The luxury-goods giant said Wednesday the merger agreement signed last November provides for a closing […]