As consumer spending started to decelerate prior to COVID-19 containment measures, U.S. retail sales declined last month in the biggest drop in a year. Commerce Department data indicated that the value of overall sales decreased 0.5 percent from the month before following a 0.6 percent...
Costco has announced the purchase of logistics company Innovel Solutions, which was owned by Sears parent company Transform Holdco, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The luxury business is going the distance for COVID-19. While many luxury retailers have found themselves needing to slash prices to keep inventory moving, some luxury brands are switching manufacturing to assist in the coronavirus crisis. For example, LVMH, which owns high-end brands Louis Vuitton,...
As more customers shop online and upgrade their cellphones less often, stores like Dixons Carphone Warehouse are feeling the crunch, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Nordstrom Inc. is shuttering its brick-and-mortar retail locations for two weeks in the United States and Canada, with the inclusion of Nordstrom Rack stores, to restrict the proliferation of the coronavirus, the company said in an announcement. Nordstrom will provide store employees with pay as...
The partial shutdown of the U.S. retail economy is unprecedented. Terror attacks on 9/11 happened well before the internet was a factor, and are therefore not relevant as a comparison. And other public health crises like flu epidemics didn’t come close to the current need...
It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. Right downtown, 10,000 square feet, enough room for five storefronts with a lacrosse and soccer field on top of the parking garage. But it never happened. No...
As staffers need time away from work to tend to their children, or they become ill, supermarket companies are speeding up hiring to have workers able to fulfill eCommerce orders or operate stores. The leaders of big chains had a call with the White House...
As Amazon elevates the importance of delivering highly sought products amid the coronavirus pandemic, the eTailer said independent merchants would not be able to send merchandise to its warehouses except for household staples, medical products, and other items in high demand until early April, The Wall Street...
