After closing its stores earlier this month because of the coronavirus pandemic, luxury fashion retailer Neiman Marcus will now have to furlough some of its workers until further notice, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...
Department store Macy’s will be forced to furlough most of its employees this week as the coronavirus pandemic continues to close hundreds of stores across the U.S., according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock...
There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. Get the Full Story...
Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. The warehouse club will not accept returns of certain items, and senior shopping hours have been put into place at most locations, Forbes reported. Get the Full...
If you can’t get shoppers to go to High Street, bring High Street to them. In fact, let them create their own High Street. That’s the general business model behind Streetify, a unique eCommerce concept that launched last week in the U.K. Get the Full...
The U.S. retail picture is bleak in this time of COVID-19. But the U.K. may be even worse. Data from February shows the U.K. economy was already sliding into declines during February, well before the coronavirus and the accompanying lockdowns were a factor. Get the...
In Series B and Series B+ rounds headed up by VMG and XVC, California-based eCommerce grocer Weee notched almost $50 million in financing. Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. Get the Full Story...
U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on Sunday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. Get the Full Story Complete the form to unlock this article and enjoy...
