The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. Get the Full Story Complete the form to...
Customer loyalty continues to be a recurring theme this week as retailers look to reopen and the latest monthly sales report shows another double-digit plunge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Struggling retailer JCPenney, which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.” Get the Full Story Complete the form to...
Retail and optimism. Those two terms haven’t been in the same sentence since January, but believe it or not, there were a few places they actually juxtaposed late this week as some retail companies found a reason to be hopeful about the reopening phase of...
If anyone is on the front lines of Main Street’s struggle to survive, it’s Amanda Ballantyne. As the executive director of the Main Street Alliance, she is in charge of giving small businesses a voice in the policy issues that were already important before the...
Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity or have fully stopped operations amid the pandemic. March retail sales were revised downward by 8.3 percent. Get the Full...
U.K. online fashion retailer Boohoo is raising as much as £200 million ($243 million) with the anticipation of using it for acquisitions in the coming months as the pandemic unfolds, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
McDonald’s Corp. has provided its restaurant owners with a 59-page dine-in reopening guide that requires everything from cleaning bathrooms every half-hour to disinfecting kiosks after every order. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As of the first of June, the nation’s largest mall — Minnesota’s Mall of America — is set to reopen its doors to the public, following Gov. Tim Walz clearing the state’s retail locations to open as of Monday of this week (May 11), provided...
