The U.S. Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. Overall sales fell 8.7 percent from March, the biggest decline since 1992. With some analysts estimating a 4 to 24...
Companies that do business in the furniture space have to deal with some serious competition. IKEA, Wayfair, Overstock and others are holding down the mass marketplace. That competition has also extended to high-end furniture market, which is starting to show some new activity with Crate...
After hitting a skid from the beginning to the middle of the COVID-19 crisis, online fashion sales have caught fire. A sweep of industry anecdotal evidence — reinforced by exclusive data gathered by PYMNTS — shows the past two weeks have seen a dramatic jump...
After the COVID-19 crisis closed its retail locations for a time and changed its turnaround plans, JCPenney is reportedly looking into filing for bankruptcy. The department store retailer has sufficient cash to survive in the months to come, but the company is taking a bankruptcy...
There are battles brewing between landlords and large company tenants that haven’t paid rent during the coronavirus pandemic, including luminary names like Petco, Dick’s Sporting Goods and Victoria’s Secret, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this...
The S&P 500 may be in negative territory this year, but Amazon.com Inc. has been one of the standouts, despite the economic damage done by the coronavirus pandemic. Bloomberg reported that stock in the Seattle-based global eCommerce company has soared by nearly 20 percent since January....
One month after Walmart Inc. set early morning hours once a week for seniors as COVID-19 took a toll on shopping habits, the world’s largest retailer is launching a daily pickup time reserved for the people who are most at-risk for the virus. Get the...
Americans have a complicated relationship with physical fitness, particularly when it comes to getting enough exercise. According to Centers for Disease Control and Prevention (CDC) data, only about 23 percent of American adults are getting the recommended amount of exercise per week, data consistent with measurements by...
COVID-19 could mark the true rise of the robots in retail. As warehouse workers strike for better protective equipment and consumers show increased sensitivity around handling food, several new examples of robots filling in have emerged over the past few weeks. Get the Full Story...
