As detailed in today’s PYMNTS COVID-19 update, U.S. consumers want to know when they can return to normal shopping, and how they can do it safely. Some answers to both of those questions are becoming evident as the week opens. Get the Full Story Complete...
Now that U.S. retailers have shifted their focus to unlocking rather than locking down, it’s worth revisiting the only economy that has been shattered by COVID-19 and then restored: China. Bottom line, if the U.S. recovery is to mimic the best parts of China’s recovery,...
To help families particularly impacted by the novel coronavirus, The Kroger Co. Zero Hunger | Zero Waste Foundation said it has created the Emergency COVID-19 Response Fund. Kroger and the foundation seek to direct $10 million in national, state and local grants to pandemic response efforts...
The coronavirus has pushed Neiman Marcus to the point of bankruptcy, the first major store in the U.S. to topple due to the pandemic, according to a Sunday (April 19) report by Reuters, citing sources. Get the Full Story Complete the form to unlock this...
As it lowered its recommendation on Apple Inc.‘s stock from neutral to sell, Goldman Sachs noted that the tech firm could lose one-third of its iPhone sales in Q2. Analysts, with the inclusion of Rod Hall, said in a note that iPhone unit sales are ready...
At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with reopening plans, and these might provide a roadmap for...
The ripple effects from the COVID-19 crisis continue to spread throughout the business world, with the advertising industry now feeling its destructive effects. Those were quantified yesterday in a new Internet Advertising Bureau survey that shows a steep decline expected in ad spending across digital media Get...
The House Of Luxury (HOL) had just opened its new signature gallery in London’s posh Mayfair district when the COVID-19 crisis broke in London. And it wasn’t just any luxury items that were in stock there. The inventory was a menu of the most expensive...
As U.S. consumers built up a supply of household staples such as cough medicine and laundry detergent amid the spread of the coronavirus, Procter & Gamble registered its largest sales increase in the U.S. in many years. Heightened demand in the company’s home market more...
