After realizing that shoppers would not likely go back to their old habits following a pandemic that has reshaped retail, two large United Kingdom retailers said they would eliminate over 5,000 positions, Reuters reported. Get the Full Story Complete the form to unlock this article...
Walgreens Boots Alliance, Inc. accelerated its investments in its important strategic priorities during the third quarter to prepare for growth in the future amid the pandemic. The health retailer said the effects of the coronavirus confirmed the roadmap that was already in place for digitalization...
Bed Bath & Beyond, in peril over the pandemic, will be closing 200 stores over the next two years as its sales have plummeted 50 percent in the last quarter, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy...
Seattle-based high-end kitchen retailer Sur La Table has filed for bankruptcy in a plan that may lead to its sale to affiliates of Fortress Investment Group, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
AMC Entertainment Holdings is still struggling to avoid bankruptcy even as it prepares to reopen many of its movie theaters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Walgreens Boots Alliance is teaming up with Chicago-based VillageMD to make Walgreens “the first national pharmacy chain to offer full-service doctor offices co-located at its stores at a large scale,” according to a Wednesday (July 8) press release. Get the Full Story Complete the form...
The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. Get the Full Story Complete the form to...
Closing store locations has been a near-daily occurrence during the pandemic. But when a high-flying QSR like Dunkin is in the news, it’s a bit of a surprise. The chain announced on Tuesday (July 7) that it was following through on its decision announced earlier...
As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. With...
