The coronavirus has had a catastrophic effect on retailers worldwide, and Hong Kong – known as a shopping mecca with its many upscale shopping malls and outlet stores – is no exception. Get the Full Story Complete the form to unlock this article and enjoy...
The world of high fashion is starting to look like a fire sale. As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers...
Wednesday’s Commerce Department retail sales figures showed in no uncertain terms that consumer spending for non-essential goods has taken a huge hit. While the overall drop was in the neighborhood of 8 percent, the plunge in non-essential goods like apparel (down 50.5 percent) and furniture...
Hundreds of retailers – both direct-to-consumer (DTC) and traditional – have lent their expertise and capital to helping the world recover from the devastation of the COVID-19 virus. At organic skincare company Nuria, that sense of community is built into its DNA. Yes, it’s contributing...
To help unbanked consumers and their families receive economic stimulus funds faster, 7-Eleven Inc. is providing a Trans@ct by 7-Eleven® Prepaid Mastercard®. The U.S. Treasury Department has started sending out the payments, but some individuals might have to wait weeks or months to get them through the...
With the first move toward a system of checks on workers around the world, Amazon CEO Jeff Bezos said the eCommerce retailer is creating COVID-19 testing capabilities. The news surfaced in an annual letter to shareholders that was cited in a Bloomberg report. Get the...
Apple will start taking orders on Friday (April 17) for its new, smaller, $399 iPhone in a move to reach budget-conscious customers as the COVID-19 pandemic wreaks havoc on paychecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Amid the coronavirus crisis, Best Buy will put roughly 51,000 domestic hourly store staffers, with the inclusion of almost all part-time employees, on temporary leave starting April 19. The electronics retailer is keeping about 82 percent of its full-time store and field staffers on its...
The U.S. Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. Overall sales fell 8.7 percent from March, the biggest decline since 1992. With some analysts estimating a 4 to 24...
