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The Drive-Thru: CEOs reveal how COVID-19 is changing business, inside the pandemic at McDonald's, and Amazon opens 'dark' Whole Foods
News 1 month ago
The Drive-Thru: CEOs reveal how COVID-19 is changing business, inside the pandemic at McDonald's, and Amazon opens 'dark' Whole Foods

Happy Friday! This week, BI Retail took a step back to figure out exactly how the coronavirus pandemic has transformed the companies we cover. That...

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29 banks that may help with your mortgage payments during the COVID-19 outbreak
News 1 month ago
29 banks that may help with your mortgage payments during the COVID-19 outbreak

If you've been financially affected by COVID-19, your bank may offer assistance by suspending foreclosures, providing deferral programs, and...

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JCPenney has filed for bankruptcy
News 1 month ago
JCPenney has filed for bankruptcy

JCPenney has filed for bankruptcy. The department store has been in the midst of a turnaround plan in order to reduce its roughly $4 billion in...

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The coronavirus pandemic spells the end for big cities — again
News 1 month ago
The coronavirus pandemic spells the end for big cities — again

Big cities like New York and San Francisco were already starting to lose residents before the coronavirus pandemic. With urban amenities like bars...

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10 unusual ways big offices could change in a post-quarantine world, according to the co-CEOs of a major architecture firm
News 1 month ago
10 unusual ways big offices could change in a post-quarantine world, according to the co-CEOs of a major architecture firm

Offices may look drastically different after the pandemic because businesses will need to keep employee health and safety top of mind. The co-CEOs...

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JCPenney is reportedly considering filing for bankruptcy and closing hundreds of stores
News 1 month ago
JCPenney is reportedly considering filing for bankruptcy and closing hundreds of stores

JCPenney is considering filing for bankruptcy, though no final decision has been made, Reuters reported Friday. It had temporarily closed all of...

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Are rental cars safe to drive right now? We talked to 3 leading experts to find out.
News 1 month ago
Are rental cars safe to drive right now? We talked to 3 leading experts to find out.

With the country beginning to reopen in phases, some Americans are eyeing an eventual return to travel, starting with what's most safe and feasible...

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The Hamptons rental market is booming, making the ritzy area more unattainable than ever — even for 'middle-class rich people'
News 1 month ago
The Hamptons rental market is booming, making the ritzy area more unattainable than ever — even for 'middle-class rich people'

Rental costs in the Hamptons are soaring, pricing out many in the upper-middle class. The demand for rentals in areas like the Hamptons has been...

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California's governor said nail salons were the site of the state's first known community spread of COVID-19 — and they won't be allowed to re-open just yet
News 1 month ago
California's governor said nail salons were the site of the state's first known community spread of COVID-19 — and they won't be allowed to re-open just yet

California Governor Gavin Newsom said nail salons are high-risk for the spread of the new coronavirus and will reopen during the states' phase...

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How a manager of 700,000 square feet of medical office space is helping tenants amid the pandemic, and how he sees investing once it subsides
News 1 month ago
How a manager of 700,000 square feet of medical office space is helping tenants amid the pandemic, and how he sees investing once it subsides

On a recent episode of National Real Estate Investor's "Common Area" podcast, Bob Atkins of Atkins Companies broke down how the medical office...

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Amazon reportedly says California's expanded coronavirus sick leave policy doesn't cover its warehouse workers
News 1 month ago
Amazon reportedly says California's expanded coronavirus sick leave policy doesn't cover its warehouse workers

Amazon says its warehouse workers in California are exempt from the state's expanded coronavirus sick leave policy, according to The Guardian. The...

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Tennessee is one of the first states to reopen during the coronavirus pandemic. Here's what life is like in my home state, which had crowded checkout lines at the grocery store even at the height of social distancing.
News 1 month ago
Tennessee is one of the first states to reopen during the coronavirus pandemic. Here's what life is like in my home state, which had crowded checkout lines at the grocery store even at the height of social distancing.

My home state of Tennessee started to reopen last week. In March, Tennessee Gov. Bill Lee issued a "safer at home" order through the end of April...

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Silicon Valley companies may have to give up providing ubiquitous free snack selections when offices reopen
News 1 month ago
Silicon Valley companies may have to give up providing ubiquitous free snack selections when offices reopen

As offices gear up to reopen during the coronavirus pandemic, employers are exploring how to implement distancing measures in the workplace. That...

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The fate of the Chrysler Building hangs in balance as colorful real-estate magnate Aby Rosen looks to renegotiate his $150 million hold on the world-famous tower
News 1 month ago
The fate of the Chrysler Building hangs in balance as colorful real-estate magnate Aby Rosen looks to renegotiate his $150 million hold on the world-famous tower

Landlord Aby Rosen is in talks with prestigious East Village college Cooper Union to restructure the ground lease for the Chrysler Building, one of...

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54% of adults want to work remotely most of the time after the pandemic, according to a new study from IBM
News 2 months ago
54% of adults want to work remotely most of the time after the pandemic, according to a new study from IBM

The coronavirus pandemic has forced millions of workers out of office spaces and into their homes, but 54% of workers polled in a new survey say...

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An oceanfront compound in Southampton just sold for $57.5 million. Here's a look inside the massive property, which has 2 houses and its own private beach.
News 2 months ago
An oceanfront compound in Southampton just sold for $57.5 million. Here's a look inside the massive property, which has 2 houses and its own private beach.

A two-house compound in one of the Hamptons' most exclusive areas has sold to an undisclosed buyer for $57.5 million, Katherine Clarke reported for...

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We asked Walmart's CEO how the retail industry and world will change as a result of the coronavirus — here are his predictions
News 2 months ago
We asked Walmart's CEO how the retail industry and world will change as a result of the coronavirus — here are his predictions

Walmart CEO Doug McMillon said the pandemic will accelerate changes in the retail industry, including shoppers' adoption of pickup and delivery. ...

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Here's how badly New York City renters are struggling in May — even worse than the hard month of April
News 2 months ago
Here's how badly New York City renters are struggling in May — even worse than the hard month of April

In an April 3 report, The New York Times estimated that 40% of New York City renters wouldn't pay their April rent. The pain among renters remained...

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Spending less than an hour on my computer got me a significantly lower mortgage interest rate
News 2 months ago
Spending less than an hour on my computer got me a significantly lower mortgage interest rate

My partner and I wanted to get the lowest mortgage rate possible, so we filled out four different applications online and got four different offers...

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Shopify just launched a new product that will help its retailers connect their brick-and-mortar shops with their websites as more customers expect to click and connect
News 2 months ago
Shopify just launched a new product that will help its retailers connect their brick-and-mortar shops with their websites as more customers expect to click and connect

Commerce-enabling giant Shopify is launching a new point-of-sale (PoS) system catered to retailers' newfound needs to connect online and in-store...

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Adidas is using AI and 3D printing to cope with a plunge in sales during the coronavirus pandemic
News 2 months ago
Adidas is using AI and 3D printing to cope with a plunge in sales during the coronavirus pandemic

Adidas is making a strategic shift to a more focused online presence to cope with falling sales as the coronavirus pandemic stops customers from...

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As WeWork and flex-space rivals stumble, 18 million square feet of space in NYC is at risk. Here's what that means for the real-estate market.
News 2 months ago
As WeWork and flex-space rivals stumble, 18 million square feet of space in NYC is at risk. Here's what that means for the real-estate market.

In recent years, flexible-workspace firms grew dramatically in New York, amassing a nearly 20-million-square-foot portfolio of space that could now...

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Poshmark CEO Manish Chandra explains what made his app resilient to the pandemic and why it's the 'new normal' of shopping
News 2 months ago
Poshmark CEO Manish Chandra explains what made his app resilient to the pandemic and why it's the 'new normal' of shopping

Shopping apps like Poshmark have made it possible for almost anyone to start a resale business from home. Founder and CEO, Manish Chandra, said the...

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J.Crew is reportedly planning to file for bankruptcy
News 2 months ago
J.Crew is reportedly planning to file for bankruptcy

J.Crew is reportedly planning to file for bankruptcy. The clothing retailer, which operates its namesake brand in addition to Madewell, has been...

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The Drive-Thru: StockX faces a coronavirus crisis, TJ Maxx and Ross cause problems, and restaurants reopen
News 2 months ago
The Drive-Thru: StockX faces a coronavirus crisis, TJ Maxx and Ross cause problems, and restaurants reopen

Well folks, we've made it through another week! The second round of PPP loans launched on Monday. On Tuesday, President Trump signed an executive...

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2 investors at legendary VC firm Andreessen Horowitz predict the new ways we'll shop, bank, and pay, from live-streaming ecommerce to branchless banking
News 2 months ago
2 investors at legendary VC firm Andreessen Horowitz predict the new ways we'll shop, bank, and pay, from live-streaming ecommerce to branchless banking

The coronavirus pandemic will have a lasting impact on the way we bank, shop, and pay. Fintechs and investors alike are watching as existing trends...

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40+ Amazon alternative stores that offer potentially better product availability and faster shipping right now
News 2 months ago
40+ Amazon alternative stores that offer potentially better product availability and faster shipping right now

Amazon is experiencing major stock outages on essential products and delaying the delivery of nonessential items. You may have to wait up to a...

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Here are the 3 ways the co-CEOs of the world's largest architecture firm see offices changing post-coronavirus
News 2 months ago
Here are the 3 ways the co-CEOs of the world's largest architecture firm see offices changing post-coronavirus

Before the coronavirus, Gensler was sounding the alarm on the looming challenges with the increasingly common open floor plan in offices. Such...

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New York City Mayor de Blasio singles out the city's Jewish community for flouting coronavirus rules and said cops will start arresting people gathered in large groups
News 2 months ago
New York City Mayor de Blasio singles out the city's Jewish community for flouting coronavirus rules and said cops will start arresting people gathered in large groups

New York City Mayor Bill de Blasio has been criticized for singling out the Jewish community in a tweet about people who are not following the city...

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In an internal memo, CEO Sundar Pichai says Google will 'stagger' its return to offices as it extends work-from-home until June 1 — read the email sent to staff (GOOG, GOOGL)
News 2 months ago
In an internal memo, CEO Sundar Pichai says Google will 'stagger' its return to offices as it extends work-from-home until June 1 — read the email sent to staff (GOOG, GOOGL)

Google employees have been told to expect to work from home until at least June 1, in a memo sent by CEO Sundar Pichai to staff and seen by...

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