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Nordstrom: Prolonged store closures could lead to financial distress
News 3 months ago
Nordstrom: Prolonged store closures could lead to financial distress
Source Retail Dive

The department store sector, already in turmoil as consumers acquire less apparel and turn elsewhere when they do buy it, is especially hard hit by...

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TJX furloughs most of its 286K workforce
News 3 months ago
TJX furloughs most of its 286K workforce
Source Retail Dive

Until now, off-price retail has been immune to many of retail's toughest challenges. The various players, including those in TJX's stable, are...

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Imports reach 5-year low as COVID-19 hits demand and supply
News 3 months ago
Imports reach 5-year low as COVID-19 hits demand and supply
Source Retail Dive

The COVID-19 pandemic has been a double blow for imports and retail as an industry, disrupting supply chains overseas, especially in China where...

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The consumer after COVID-19
News 3 months ago
The consumer after COVID-19
Source Retail Dive

In the past several weeks, retailers haven't seen much of their customers. The extreme lockdown of today will be eased at some point, though it's...

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Consumers aren't adopting mobile wallets, even during the pandemic
News 3 months ago
Consumers aren't adopting mobile wallets, even during the pandemic
Source Retail Dive

Interestingly, the PYMNTS.com report was conducted in the midst of the COVID-19 outbreak, which has seen many retailers turning to technology to...

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COVID-19 forces layoffs at Le Tote, Lord & Taylor
News 3 months ago
COVID-19 forces layoffs at Le Tote, Lord & Taylor
Source Retail Dive

If Le Tote's acquisition last summer of the ailing department store seemed to be the retailer's last, best hope, that may be dashed by the...

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To pay or not to pay: Retailers are making tough decisions on rent and other bills
News 3 months ago
To pay or not to pay: Retailers are making tough decisions on rent and other bills
Source Retail Dive

The retailer followed the Cheesecake Factory in doing so. The restaurant chain said in a regulatory filing that it would not be paying rent on its...

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Prime Day reportedly postponed until at least August
News 3 months ago
Prime Day reportedly postponed until at least August
Source Retail Dive

The COVID-19 pandemic, which has spurred the temporary closure of hundreds of stores and furloughs of thousands of retail workers, at first glance...

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Walmart limits store traffic to 5 customers per 1K square feet
News 3 months ago
Walmart limits store traffic to 5 customers per 1K square feet
Source Retail Dive

Walmart, like Target, Costco, drugstores and other retailers of essential consumer goods, has seen sales surge as customers stock up amid the COVID...

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Target to limit traffic where necessary to ensure social distancing
News 3 months ago
Target to limit traffic where necessary to ensure social distancing
Source Retail Dive

While stores across the country have closed in response to the COVID-19 pandemic, mass merchants and wholesalers have stayed open and experienced...

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At Home to offer contactless delivery
News 3 months ago
At Home to offer contactless delivery
Source Retail Dive

Before the COVID-19 pandemic disrupted the retail industry, retailers like J. C. Penney, Stein Mart, Walmart and Target, among many others, were...

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What the coronavirus means for DTC brands
News 3 months ago
What the coronavirus means for DTC brands
Source Retail Dive

In the past several weeks, over 100 retailers - both legacy and DTC - have temporarily shuttered their doors or reduced hours to help stop the...

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Traffic grinds to a halt for apparel retailers, declines even for mass merchants
News 3 months ago
Traffic grinds to a halt for apparel retailers, declines even for mass merchants
Source Retail Dive

Hundreds of malls and tens of thousands of stores have temporarily closed across the country as part of the broader effort to slow the spread of...

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Ross latest to furlough workers as stores remain closed
News 3 months ago
Ross latest to furlough workers as stores remain closed
Source Retail Dive

Most off-price retailers have emphasized brick and mortar over e-commerce, to leverage the power of a treasure hunt best conducted in stores. But...

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Fitch downgrades 9 retailers in a day, including Macy's, Nordstrom and J.C. Penney
News 3 months ago
Fitch downgrades 9 retailers in a day, including Macy's, Nordstrom and J.C. Penney
Source Retail Dive

As COVID-19 rips through the country, retailers have shuttered stores, furloughed employees, dipped into their credit lines and made other painful...

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What do department stores do now?
News 3 months ago
What do department stores do now?
Source Retail Dive

Every department store in America, from the low end to the high, has tried some way to drag the retail concept into the 21st century. It's a...

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Neiman Marcus, Belk furlough workers and extend store closures
News 3 months ago
Neiman Marcus, Belk furlough workers and extend store closures
Source Retail Dive

Department stores, which have largely abandoned sales outside of clothing, were struggling well before COVID-19 shook up retail. During the second...

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J.C. Penney furloughs store and corporate staff as closures extend indefinitely
News 3 months ago
J.C. Penney furloughs store and corporate staff as closures extend indefinitely
Source Retail Dive

As COVID-19 continues its spread through the country, J. C. Penney joins a growing group of retailers extending their closures - this time without...

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Taubman tells retail tenants to keep paying rent. Some may be about to skip
News 3 months 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 3 months 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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Urban Outfitters says it won't pay rent
News 3 months ago
Urban Outfitters says it won't pay rent
Source Retail Dive

Urban Outfitters joins restaurant chain Cheesecake Factory in plans to withhold rent, as stores, locked up as part of a global effort to check the...

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Pinterest upgrades merchant services as shopping searches jump
News 3 months ago
Pinterest upgrades merchant services as shopping searches jump
Source Retail Dive

Pinterest's updates can help mobile marketers in several ways as people adjust to the significant disruptions in their daily routines during the...

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S&P downgrades TJX, Bed Bath & Beyond on weak post-COVID-19 economy
News 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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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