The current stage of the pandemic – perfect storm that it is – is producing some serious cross-currents. And several of them are affecting the retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Commercial landlords were greeted with some good news in July as rent collections for retail properties increased by double digits compared to May and June, GlobeSt.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Foot Locker Inc., the New York-based athletic retailer, reported comparable store sales increased by 18 percent in the second-quarter ended Aug. 1 as the chain reopened and sales unexpectedly increased — likely due in part to government stimulus checks. Get the Full Story Complete the...
Amazon could fill the nation’s shuttered anchor stores as the pandemic contributes to the death of brick-and-mortar retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
For retailers, it’s better to be hot in 2020 than top. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
One of the largest real estate investment trusts in the U.S. reported earnings this week with the expected decrease in revenue, but an optimistic look at reopening. Retail Properties of America (RPAI), which owns and operates 102 multi-retail sites, showed a net income drop from...
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1 percent in July over 2019 levels, an improvement from June’s 62.6 percent and below the three-month average decline of 61.6 percent. The trade...
Grocery chain Kroger is rolling out a new contactless pay solution at its Quality Food Centers (QFC) locations, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
