Tag: pandemic

July 15, 2020

Many industries have been affected by the COVID-19 pandemic, whose effects are estimated to propagate in the entire decade. It’s a key moment in the history of the modern era when people are beginning to understand the reality of a […]

July 6, 2020

The list of store closings is already very long and may be much longer by the end of the year. The coronavirus COVID-19 pandemic has left many companies in horrible shape. Some have had to declare bankruptcy while others have […]

June 25, 2020

The resale clothing market is set to more than double to $64 billion in the next five years as more shoppers are willing to buy second hand. Over two thirds (70 per cent) of consumers now say they are willing […]

June 2, 2020

Costco is hoping that by reviving key parts of its store experience, it can entice more shoppers to visit and boost sagging sales growth. The company shut down store sampling in March and cut ties with its main sampling vendor […]

May 29, 2020

Amazon says that it will offer permanent positions to around 70 per cent of the hundreds of thousands of workers it hired to meet demand during the pandemic. The online giant has hired around 175,000 new staff since the start […]

May 4, 2020

Preppy retailer J.Crew filed for Chapter 11 bankruptcy protection Monday morning, according to multiple reports, becoming the first major retailer to do so amid the coronavirus pandemic, which forced businesses to shut their doors out of safety—and all but eliminated […]

April 27, 2020

For years, consumer concern regarding sustainability practices has been on the rise, and this survey from Kearney is yet another indication that these efforts are no longer a luxury but an expectation — even during a pandemic. According to a […]

April 27, 2020

The pandemic is keeping shoppers out of stores and out of the gym, and leading several brands, including Adidas, to withdraw their outlooks for the year after a brutal first quarter. Unsurprisingly, the retailer’s first quarter declines were seen mostly […]

April 8, 2020

Nordstrom said its financial situation could become distressed if its stores stay dark for much longer because of COVID-19. The retailer’s assessment of this crisis is one that many are likely dealing with, as businesses that sell nonessential goods such […]

March 27, 2020

B8ta, the company responsible for bringing Toys R Us back from the grave, has furloughed its entire workforce. Last week B8ta’s chief executive Vibhu Norby penned a letter to employees stating that all store staff would be furloughed, and any […]