Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. And eCommerce success is dependent upon shipping. Therein lies a serious problem. Because as anyone who has ordered a nonessential item over the past few weeks can...
As its restaurants are shuttered over a lockdown enforced by authorities to keep the coronavirus from spreading, Yum! Brands Inc., the owner of KFC, has reportedly informed landlords in South Africa that it is withholding rent. The policy relates to the just under 50 stores...
To keep their market connected amid the coronavirus pandemic that has made many of them shutter because of stay-at-home rules, fitness studios throughout the country are tapping into digital platforms. Boutique classes are, for the most part, providing complimentary sessions, and, as a result, classes...
Amid the coronavirus, Amazon is delaying its Prime Day summer shopping event to August at the soonest and foresees a possible $100 million impact from extra devices it could possibly now have to offer at a reduced price, according to internal company notes seen by...
The first of what is expected to be a series of informal retail reports on March results was delivered Thursday afternoon (April 2), this one from Etsy. As expected, the volume swings from January through the end of March were dramatic for the online seller...
It’s June 2013. Barack Obama is president. “The Purge” rules the box office. Wuhan is known only as the transportation hub of central China. And a young MIT engineering student named Sam Shames is bored. Get the Full Story Complete the form to unlock this...
Essential retail is starting to show some consistency as the acute phase of the COVID-19 crisis enters its second month. New research from several sources shows that consumers are changing the way they shop for consumer packaged goods (CPG), groceries and dining. In short, consumers...
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...
