While few industries haven’t been hit hard in some way by the global pandemic and the economic slowdown it has carried in its wake, the cruise industry has seen its fortunes uniquely sunk by COVID-19’s effects on the travel industry. Cruise ships had the unfortunate...
British Airways is preparing to jettison its multimillion-dollar art collection as it scrambles to stay aloft amid ongoing coronavirus restrictions and a sharp economic downturn, according to a London newspaper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Dining out is coming back slowly but surely as authorities nationwide lift lockdowns. The question is whether U.S. consumers are ready to get back out there — particularly when there’s no vaccine or known treatment for COVID-19. Ryan Dion, co-founder and COO of the Evviva Trattoria...
When the world’s largest fashion retailer announced this week that was closing about 16 percent of its stores, the move surprised the industry as well as Wall Street analysts. Inditex, the parent company of Zara and other fast fashion brands, had a first-quarter net loss...
The harsh realities of the pandemic’s effect on retail continued to show themselves late this week as more high-profile brands reported plunging quarterly earnings and looked at more store closings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Michael Kanter and his wife and have owned and operated Cambridge Naturals near Harvard Square since 1974. That’s 46 years of retailing before the challenge of his or anyone’s business lifetime hit with COVID-19. And while the center of the city’s shop for vitamins, herbs, teas...
As it shuttered stores and decreased operating hours due to the coronavirus pandemic, Lululemon Athletica said, direct-to-consumer (DTC) net revenue jumped 68 percent for the first quarter of fiscal 2020. The activewear company reported gross margin of 51.3 percent, which marked a 260 basis point...
To provide parents, teachers, owners of small companies and telecommuters with an additional avenue to shop, Staples US Retail teamed with Instacart to roll out same-day delivery from over 1,000 U.S. stores. The tie-up lets customers choose between an array of products such as back-to-school...
Boston’s Hanover Street parking spots, nearly impossible to find, have been eliminated and replaced with seating for more than a dozen restaurants, the city announced on Thursday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
