After being criticized for its decision to defer rental payments, Adidas apologized for saying it would halt rent payments for retail locations globally that had to shutter due to COVID-19 lockdowns and that it would pay for April. The German labor minister had deemed the...
Even with the disruption caused by the coronavirus crisis, the most crucial manufacturing partner of Apple Inc. has informed investors that it can still have the newest 5G iPhones ready for a rollout in the fall. Hon Hai Precision Industry Co., which is also known...
As bookstores remain shuttered nationwide, a 3-month-old online seller is stepping up. 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 to our daily newsletter, PYMNTS Today. By...
As social distancing and stay-at-home orders continue due to the escalating COVID-19 pandemic, Simon Property Group has furloughed about 30 percent of its workforce, or about 1,200 to 1,400 people, according to a report on Tuesday (March 31) in CNBC. Get the Full Story Complete...
As retail sales fell with increasing social-distancing policies and travel limitations , companies and retail stores in Hong Kong snapped under the COVID-19 outbreak last month. Retail sales fell 44 percent in the month to $2.93 billion, which marks the biggest drop on record, Bloomberg...
While the online car sales business has struggled like most non-essential retailers amid the coronavirus pandemic, there are signs of life, according to new research from automotive digital solutions provider Cars.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
If there’s any industry that has been slow to transition online, it’s antiques. It’s the nature of the business that before someone spends a fair amount of discretionary income on a painting, jewelry box or grandfather clock, they typically want to see and touch it...
Non-essential retail needs help from the federal government and it doesn’t look like its coming. That’s the prevailing sentiment as all signs point to the preparation of a new stimulus bill in Congress. Get the Full Story Complete the form to unlock this article and...
Amid lengthened measures to keep COVID-19 from spreading, some of the country’s biggest retail chains have been forced to put workers on a leave of absence. Staffers at companies including Gap, Macy’s and Kohl’s have been notified that they would be laid off for a...
