Tag: retail

February 19, 2021

Walgreens said it will begin receiving more than 480,000 Covid-19 vaccine doses weekly as part of the broader effort to increase vaccination at U.S. pharmacies in more than 20 states and jurisdictions. The Biden administration earlier this week said it […]

February 12, 2021

The retail industry is grappling with how best to utilize the COVID vaccine in order for business to return to “normal.” But with the pace of store closures quickening this year, it is highly unlikely that a COVID vaccine will […]

February 2, 2021

In the past several months, continuing a practice begun with the 2016 acquisition of teen apparel retailer Aeropostale, Simon Property Group acquired a slew of retailers. In a way, bankruptcy courts last year served as shopping centers of a sort […]

January 29, 2021

Approximately 75% of consumers are shopping online at least once a month. The COVID-19 pandemic has furthermore increased the popularity of digital shopping as people were forced to adapt to a new reality.  “We saw a tremendous surge in digital […]

January 26, 2021

Don’t look now but Ikea — that bigger-than-big-box home furnishings retailer out on the highway — is coming to a downtown near you. After spending most of its more than 75-year existence as a retailer operating huge destination-stores, the Swedish […]

January 13, 2021

Many luxury brands will have been relieved to leave Covid-ravaged 2020 behind. After all, the personal luxury goods sector shrunk for the first time since 2009 with sales back to their 2014 levels. But this depressing statistic masks a happier […]

January 11, 2021

The Brexit transition period has officially ended and many small businesses, particularly e-commerce businesses and other retailers, are facing the reality of new regulations. Many are having to navigate through complex new requirements around tax and customs charges that have […]

January 8, 2021

Rents for retail space in New York City have tumbled to historic lows, dropping as much as 25% from 2019 levels, as troubled retailers like Neiman Marcus and Century 21 closed stores and vacancies soared, according to a report Friday. […]

January 6, 2021

It is almost Monday, January 11 when all bills must be paid. Especially toy bills. It seems that several retailers may either need an extension to pay bills or seek protection from the courts under Chapter 11. In past blogs, […]

January 4, 2021

By every measure, 2020 was a terrible year for the fashion industry. Retailers cut some fashion space, and apparel sales were very disappointing. McKinsey predicts that the global fashion industry’s profits are expected to fall by -93% in 2020. Initially […]