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Taubman tells retail tenants to keep paying rent. Some may be about to skip
News 10 hours ago
Taubman tells retail tenants to keep paying rent. Some may be about to skip
Source Retail Dive

More than 100 major retailers have closed their stores or reduced hours as the country tries to slow the spread of COVID-19. Tens of thousands of...

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Retail furloughs snowball as Kohl's, Gap extend store closures
News 10 hours ago
Retail furloughs snowball as Kohl's, Gap extend store closures
Source Retail Dive

The livelihoods of retail workers are under siege as the industry attempts to minimize the financial fallout from the COVID-19 pandemic. With the...

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S&P downgrades TJX, Bed Bath & Beyond on weak post-COVID-19 economy
News 1 day ago
S&P downgrades TJX, Bed Bath & Beyond on weak post-COVID-19 economy
Source Retail Dive

The world is taking steps to blunt the spread of COVID-19, a disease caused by a coronavirus that has swept the globe. But a weak economy and...

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After GameStop's sales fell 28% last year, the pandemic has given it a boost
News 1 day ago
After GameStop's sales fell 28% last year, the pandemic has given it a boost
Source Retail Dive

With much of the country cooped up inside by government order or by choice, GameStop says it is one of the beneficiaries of the strange, risky new...

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With zero sales from stores, a cash crunch is coming to department stores in 5 to 8 months
News 1 day ago
With zero sales from stores, a cash crunch is coming to department stores in 5 to 8 months
Source Retail Dive

Although e-commerce growth has outpaced brick-and-mortar sales growth for years now, physical stores remain the principal source of sales,...

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Macy's furloughs most of workforce as COVID-19 takes its toll
News 1 day ago
Macy's furloughs most of workforce as COVID-19 takes its toll
Source Retail Dive

Macy's has little choice but to place human health above all other concerns during this time, but its employees are taking the brunt of the...

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Pier 1 cancels auction as lenders opt to take over the retailer
News 1 day ago
Pier 1 cancels auction as lenders opt to take over the retailer
Source Retail Dive

At the outset of Pier 1's Chapter 11 case, analysts questioned whether the retailer would be able to sell itself in bankruptcy - but nobody...

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Why isn't this store closed?
News 4 days ago
Why isn't this store closed?
Source Retail Dive

The eerie quiet, day after day, of Main Streets and malls tells the story: As communities nationwide attempt to slow the spread of COVID-19, now a...

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Build-A-Bear furloughs over 90% of employees
News 4 days ago
Build-A-Bear furloughs over 90% of employees
Source Retail Dive

In announcing temporary store closures in the U. S., Canada, the U.K., Denmark and Ireland through April 2, Build-A-Bear previously said employees...

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Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption
News 4 days ago
Michaels, Gap, At Home, Container Store among latest downgrades on pandemic disruption
Source Retail Dive

The downgrades are coming fast as retail goes through a massive, unprecedented upheaval. More than 100 retailers have closed tens of thousands of...

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B8ta announces corporate layoffs and store associate furloughs
News 5 days ago
B8ta announces corporate layoffs and store associate furloughs
Source Retail Dive

B8ta is the latest company to see its business dramatically impacted as the COVID-19 outbreak unfolds. Other retailers, like Designer Brands, Pier...

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Shopping platform Streetify offers free digital storefronts amid coronavirus outbreak
News 5 days ago
Shopping platform Streetify offers free digital storefronts amid coronavirus outbreak
Source Retail Dive

Long before the COVID-19 outbreak began, various retailers like Wayfair, Ikea and Sally Beauty tested out augmented reality or virtual reality...

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Modell's bankruptcy suspended due to coronavirus store closures
News 5 days ago
Modell's bankruptcy suspended due to coronavirus store closures
Source Retail Dive

UPDATE: March 27, 2020: On Friday, the United States Bankruptcy Court for the District of New Jersey approved Modell's request to suspend its...

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Joann downgraded as pandemic disruption looms
News 1 week ago
Joann downgraded as pandemic disruption looms
Source Retail Dive

Joann joined Party City last week in receiving a downgrade into C-territory from S&P, in part on COVID-19 concerns. S&P analysts Pasha Azadmard and...

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FutureProof Retail donates mobile checkout tech during pandemic
News 1 week ago
FutureProof Retail donates mobile checkout tech during pandemic
Source Retail Dive

As more cities and state governments discourage people from leaving their homes, it's unclear just how much retailers will be upended as a result...

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How small retailers are coping with the pandemic
News 1 week ago
How small retailers are coping with the pandemic
Source Retail Dive

Jennifer Rockwell was working in her secondhand apparel shop in downtown Portland, Maine, last week, scrambling to figure out how she could sell...

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Party City downgraded on weak sales, coronavirus disruption
News 1 week ago
Party City downgraded on weak sales, coronavirus disruption
Source Retail Dive

Party City is among the retailers that started 2020 with a weakening or imperiled market position: falling sales, falling margins and negative...

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Retail Therapy: Ikea enters the streetwear scene
News 1 week ago
Retail Therapy: Ikea enters the streetwear scene
Source Retail Dive

It's been another weird week in retail. Ikea took a note from streetwear brands, restaurants started offering a particularly useful side and...

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E-commerce also pulls back amid pandemic precautions
News 1 week ago
E-commerce also pulls back amid pandemic precautions
Source Retail Dive

As the COVID-19 pandemic reaches more communities in the U. S., not all retailers are closing stores - grocery stores and mass merchants selling...

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RTW Retailwinds taps new CEO from within
News 1 week ago
RTW Retailwinds taps new CEO from within
Source Retail Dive

Inglis is set to take the chief executive reins at RTW (formerly New York & Co.) at a time when the world will most likely still be grappling with...

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Simon Property closes all its malls to battle COVID-19
News 1 week ago
Simon Property closes all its malls to battle COVID-19
Source Retail Dive

Simon's decision to close its malls follows that of dozens of retailers - from Nike to J. C. Penney - to shutter all of their U.S. stores through...

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Distressed retailers struggled with falling sales for years — and then came coronavirus
News 1 week ago
Distressed retailers struggled with falling sales for years — and then came coronavirus
Source Retail Dive

Retailing has been plenty difficult for the past several years. Of the dozens of retailers to file for bankruptcy since 2016, many if not most of...

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Temporary closures could wipe out up to 50% of some retailers' annual profits, Cowen says
News 1 week ago
Temporary closures could wipe out up to 50% of some retailers' annual profits, Cowen says
Source Retail Dive

The store closure announcements have been flooding in throughout the week, as retailers across categories move to temporarily shutter stores as...

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NRF pushes government to come to retail's aid
News 1 week ago
NRF pushes government to come to retail's aid
Source Retail Dive

Consumer sentiment was already cooling this year, as seen in February's tepid retail sales report, and the COVID-19 pandemic has only added more...

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Facebook announces $100M in grants to small businesses impacted by COVID-19
News 1 week ago
Facebook announces $100M in grants to small businesses impacted by COVID-19
Source Retail Dive

Facebook's effort to assist small businesses during the coronavirus outbreak is yet another sign of just how much the pandemic is impacting retail....

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L Brands leans on its revolver for cash as it braces for store shutdowns
News 1 week ago
L Brands leans on its revolver for cash as it braces for store shutdowns
Source Retail Dive

Analysts by and large hailed L Brands' decision last month to sell a majority stake in its struggling Victoria's Secret lingerie business, but the...

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Retailers brace for the impact of coronavirus
News 1 week ago
Retailers brace for the impact of coronavirus
Source Retail Dive

In response to the rapidly changing climate and uncertainties surrounding COVID-19, many retailers have taken action. For some, like Macy's, Apple...

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Malls in New Jersey shut down on governor's order
News 1 week ago
Malls in New Jersey shut down on governor's order
Source Retail Dive

As retailers by the dozens move to close their stores, and states and cities take dramatic action to prevent large gatherings, mall closures are to...

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Macy's closes all of its stores through March
News 1 week ago
Macy's closes all of its stores through March
Source Retail Dive

Dozens of retailers have announced this week that they will close their stores nationwide as governments and businesses scramble to prevent further...

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Retail at risk as consumers hunker down
News 2 weeks ago
Retail at risk as consumers hunker down
Source Retail Dive

In the past several days, rapidly changing responses to COVID-19, a virus caused by a member of the coronavirus family, have led​ many retailers to...

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