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The biggest US mall owner prepares to reopen 49 properties. Here's how that will work
News 1 month ago
The biggest US mall owner prepares to reopen 49 properties. Here's how that will work

Simon Property Group is reopening 49 of its malls and outlet centers between May 1 and May 4, according to an internal memo obtained by CNBC. The...

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Allbirds debuts its first running shoe. To succeed, it must face rivals like Nike and the challenges of a pandemic
News 1 month ago
Allbirds debuts its first running shoe. To succeed, it must face rivals like Nike and the challenges of a pandemic

Allbirds, known for its comfy wool sneakers made out of sustainable materials, has been working on perfecting the running silhouette for years,...

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Curbside pickup at retail stores surges 208% during coronavirus pandemic
News 1 month ago
Curbside pickup at retail stores surges 208% during coronavirus pandemic

The number of orders placed online and picked up at stores by customers surged 208% between April 1 and April 20 compared with a year ago,...

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CVS Health, Walgreens and other retailers say they're focused on expanding coronavirus testing as states, businesses aim to loosen lockdowns
News 1 month ago
CVS Health, Walgreens and other retailers say they're focused on expanding coronavirus testing as states, businesses aim to loosen lockdowns

CVS Health, Walgreens, Walmart and Kroger are among the retailers that announced plans Monday to expand their Covid-19 testing capacity. Some...

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Germans aren't shopping despite stores being open — experts explain why
News 1 month ago
Germans aren't shopping despite stores being open — experts explain why

Despite the easing of coronavirus lockdown measures in the country, Germans are seemingly reluctant to rush back to stores. Speaking to CNBC, the...

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With 100,000 stores set to close by 2025, mall owners face this legal hurdle next
News 1 month ago
With 100,000 stores set to close by 2025, mall owners face this legal hurdle next

Mall and shopping center owners around the country are getting ready to come face to face with a major legal hurdle: Co-tenancy clauses. The...

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Gap stops paying rents, warns it might not have enough cash for operations
News 1 month ago
Gap stops paying rents, warns it might not have enough cash for operations

Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut because of the coronavirus...

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Victoria's Secret's woes are a microcosm for shopping malls, Jim Cramer says
News 1 month ago
Victoria's Secret's woes are a microcosm for shopping malls, Jim Cramer says

The coronavirus pandemic is making an already rocky situation for shopping centers even rockier, CNBC's Jim Cramer said Wednesday. As department...

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Private equity firm Sycamore is trying to get out of deal to take over Victoria's Secret
News 1 month ago
Private equity firm Sycamore is trying to get out of deal to take over Victoria's Secret

Private equity firm Sycamore Partners is looking to back out of its deal to take over Victoria's Secret from L Brands, according to a lawsuit filed...

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Macy's weighs raising as much as $5 billion in debt to weather coronavirus crisis
News 1 month ago
Macy's weighs raising as much as $5 billion in debt to weather coronavirus crisis

Macy's is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis,...

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Retailers are begging for the government's help — but Treasury might not listen
News 1 month ago
Retailers are begging for the government's help — but Treasury might not listen

Retail is reeling, as stores shutter and thousands of people lose their jobs while the coronavirus spreads. Now, the Treasury Department must...

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The coronavirus pandemic will likely leave a lasting legacy on retail: Fewer department stores
News 1 month ago
The coronavirus pandemic will likely leave a lasting legacy on retail: Fewer department stores

Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. As these companies...

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Apple Store to reopen in South Korea with an emphasis on fixing Macs and iPhones
News 1 month ago
Apple Store to reopen in South Korea with an emphasis on fixing Macs and iPhones

Apple stores outside of China have been closed since March in response to the coronavirus pandemic, without a scheduled date for them to reopen. An...

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The New York retail real estate market is reeling because of coronavirus, as rents tumble
News 1 month ago
The New York retail real estate market is reeling because of coronavirus, as rents tumble

Average asking rents in the city continued to fall during the first quarter, which ended on March 31, with the average of the New York City...

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Best Buy to furlough about 51,000 employees as its stores remain closed to customers
News 1 month ago
Best Buy to furlough about 51,000 employees as its stores remain closed to customers

Best Buy will furlough about 51,000 hourly employees, starting April 19, but they will continue to have health benefits. The company's stores have...

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Restaurants have laid off thousands in wake of coronavirus—but ghost kitchens are hiring
News 1 month ago
Restaurants have laid off thousands in wake of coronavirus—but ghost kitchens are hiring

C3, the ghost kitchen subsidiary of hospitality company SBE Entertainment Group, has seen demand for its virtual restaurant brands double during...

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Retailers face another challenge during coronavirus: Handling returns
News 1 month ago
Retailers face another challenge during coronavirus: Handling returns

Many retailers are adjusting return windows to ease customers' worries about getting their money back, if they shop online for clothing and other...

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Hudson Yards owner says workers must return to offices before malls can reopen in post-coronavirus world
News 1 month ago
Hudson Yards owner says workers must return to offices before malls can reopen in post-coronavirus world

People need to get back to work - and will likely spend weeks in the office - before they get back in the mall, according to the owner of Hudson...

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How the biggest companies in the world are preparing to bring back their workforce
News 1 month ago
How the biggest companies in the world are preparing to bring back their workforce

Lack of testing, disjointed child care and different supply and demand needs from an industry to industry basis should make returning to work...

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Nordstrom warns financial situation could become distressed because of coronavirus-related store closures
News 1 month ago
Nordstrom warns financial situation could become distressed because of coronavirus-related store closures

Nordstrom says its financial situation could become distressed if its stores stay dark for much longer because of COVID-19. Nordstrom says the...

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Calvin Klein owner: 'Retail companies are not built to have their stores closed'
News 1 month ago
Calvin Klein owner: 'Retail companies are not built to have their stores closed'

With stores closed, the retail industry is struggling with inventory piling up in warehouses and no place to sell it, the head of the company that...

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Shopping center owner Kimco is trying to help its smaller tenants pay rent, stay in business
News 1 month ago
Shopping center owner Kimco is trying to help its smaller tenants pay rent, stay in business

A major shopping center owner in the U. S. has taken matters into its own hands to try to help small business owners get access to funds from the...

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Billionaire mall owner: Retailers will need to adapt to consumer shifts from the coronavirus
News 1 month ago
Billionaire mall owner: Retailers will need to adapt to consumer shifts from the coronavirus

Retailers will need to respond to a "really significant" shift in consumer behavior as a result of the coronavirus crisis, billionaire mall owner...

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Stalled by coronavirus pandemic, American Dream rethinks its future and retail becomes an afterthought
News 1 month ago
Stalled by coronavirus pandemic, American Dream rethinks its future and retail becomes an afterthought

* Prior to the coronavirus pandemic hitting the U.S., American Dream was slated to be a mix of 55% entertainment-related tenants and 45% retailers,...

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Wayfair shares surge 37% as coronavirus drives sales of office furniture and home decor
News 1 month ago
Wayfair shares surge 37% as coronavirus drives sales of office furniture and home decor

Wayfair shares surged more than 37% Monday after the online furniture company said its business is booming, as people furnish their home offices or...

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Demand for jigsaw puzzles is surging as coronavirus keeps millions of Americans indoors
News 1 month ago
Demand for jigsaw puzzles is surging as coronavirus keeps millions of Americans indoors

As coronavirus sweeps the country and sends millions sheltering in place, Americans are increasingly spending their time, and money, on jigsaw...

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Dollar Tree CEO says supply chains stressed — but $1 billion of goods in 'pipeline somewhere'
News 2 months ago
Dollar Tree CEO says supply chains stressed — but $1 billion of goods in 'pipeline somewhere'

Dollar Tree CEO Gary Philbin said Wednesday the retailer's supply chains have "been stressed" from a spike in coronavirus-related demand, but he...

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Home Depot asks employees to take temperatures before coming to work, will limit traffic
News 2 months ago
Home Depot asks employees to take temperatures before coming to work, will limit traffic

Home Depot has a new policy for store employees: take your temperature before going to work. The home improvement retailer said in a Wednesday news...

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Retail stock winners — traders pick five names to weather the crisis
News 2 months ago
Retail stock winners — traders pick five names to weather the crisis

Retail stocks are among the biggest losers in this month's market sell-off. The XRT retail ETF has fallen 25% in March, its worst month on record,...

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L.L.Bean CEO says Congress must do more to address 'serious' retail crisis
News 2 months ago
L.L.Bean CEO says Congress must do more to address 'serious' retail crisis

Many U. S. retailers are facing a financial shock from the coronavirus that has yet to be fully addressed by Washington lawmakers, L.L.Bean CEO...

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