Amid the coronavirus pandemic, Apple Inc. told staffers that its American retail locations will stay shuttered and work-from-home processes will remain up to May. The tech firm has approximately 270 U.S. stores that are part of the 458 locations beyond China, Hong Kong and Taiwan...
With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store retailer reportedly started having private discussions with bondholders regarding potential financing that would assist it with ongoing operations during bankruptcy...
As nonessential retail continues to struggle, the federal funding picture remains cloudy. Companies that could apply for loans or relief from the series of provisions in last week’s COVID-19 relief package are awaiting final guidelines, due by the end of this week. In the meantime,...
Full disclosure: This story is about a company called Green Goo. The name should bring a smile to your face – its founders are okay with that – but you should also take Green Goo seriously. This organic healthcare brand is hustling to keep up...
After having their students move back home over the coronavirus pandemic, universities are investing to save the small businesses located close to their campuses. Williams College, Yale University and Colgate University are just some of the schools that are owners of business property and have...
Amid an acute rise in orders in a climate of increasing COVID-19 cases and social distancing measures, Lazada Group SA is halting new grocery orders in Singapore for a time. The retailer’s RedMart eCommerce grocery unit will not accept new orders up to April 4,...
With the widespread closing of restaurants due to the COVID-19 pandemic, the pressure is on for eateries to come up with ways to tough it out through the crisis. Customer engagement firm Paytronix Systems said its online ordering software, using the software-as-a-service model, has what...
Mall owners are starting to feel the COVID-19 pinch. Taubman is sticking tight to its rent guidelines. Simon Property Group has cut its workforce. As mall owners start to face the reality of the COVID-19 crisis, they and every non-essential retail segment could use some...
While it is the only option for many retailers, eCommerce is running into its own limitations under the pressure of the COVID-19 crisis. And as those limits become evident, some strategies to navigate them are also coming to the fore. Get the Full Story Complete...
