As COVID-19 keeps disrupting everyday life, North America comparable sales at Papa John’s rocketed almost 27 percent last month. CEO Rob Lynch told CNBC in a televised interview that April was the best month in the history of the quick-service restaurant (QSR) chain. Get the Full...
While 2020 has taken its toll on the majority of businesses, few players have been hit harder than those in the travel vertical. Shelter-in-place orders have left consumers at home, with every intention of staying there — possibly for quite some time. Get the Full...
Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. The company announced Thursday morning (May 7) that it has entered into a binding agreement “with a significant majority of our creditors to undergo a financial restructuring that will substantially reduce the...
They’re reopening – but they’re dead. Or they’re fading. Or they’re awaiting a renaissance. The characterization of the future of the American mall cuts across many opinions and datasets, but the fact remains that in many cases, it is a fixture of brick-and-mortar retail. Get...
State governments are dropping the ball on retail reopenings. As the week plays out, inconsistent direction and confusion have been standard with New York, Texas, California and Hawaii getting criticized by retailers big and small. Get the Full Story Complete the form to unlock this...
To help show businesses which product areas are increasing in popularity, Google is rolling out a rising retail categories tool. The feature shows quickly-growing categories related to products in Google Search along with the inquires associated with them and the places where they are increasing,...
With COVID-19 shuttering its retail locations, Tuesday Morning Corp. is mulling a possible bankruptcy filing. The off-price home goods merchant has had discussions with lenders regarding a bankruptcy loan, but no formal decisions have been reached, Bloomberg reported, citing unnamed sources. Get the Full Story...
Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. Gap Inc., in one case, intends to have fabric face masks on offer, such as a pack of...
Two United Kingdom cinema chains are hoping to raise the curtain at movie theaters by mid-July to begin to recoup losses from the COVID-19 pandemic, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
