Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few...
The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. Among those forces: 2.1 million in the industry out of work as of April, spring inventory still sitting in stores and various government programs that...
Integrity. Honesty. Value. Customer-centricity. The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As consolidated same-store sales dropped nearly 30 percent fueled by temporary store closures due to the coronavirus, Dick’s Sporting Goods reported that eCommerce sales jumped 110 percent in the first quarter of 2020 compared to the first quarter of last year. The company had also...
Las Vegas, hit hard by the coronavirus due to its heavy entertainment-fueled economy, was planning a comeback — but that may be derailed due to the civil unrest going on over the past week, CNBC reports. Get the Full Story Complete the form to unlock this...
Riots and looting over the weekend have taken their toll on retail reopening plans all over the U.S. in the wake of protests against excessive police force and the death of George Floyd in Minneapolis. Retail locations of all types and brands went unspared, from...
Small to medium-sized retailers, the denizens of Main Street, are facing an existential crisis in the face of the pandemic. No news there. The situation can seem so overwhelming that it might be hard to find a place to start digging out of the unprecedented...
Even school sports uniforms have been dragged into the digital age, courtesy of a Rhode Island DTC company called SquadLocker. The company took an innovative business model and serious sales momentum into the start of the year, pivoted for the pandemic and took $20 million...
With its store closing sales set to start after retail locations can safely open again, Pier 1 Imports, Inc. said it has received the green light from the U.S. Bankruptcy Court for the Eastern District of Virginia for its “planned wind-down of operations.” The home décor...
