In today’s top retail news, Mall of America modified the terms of its $1.4 billion mortgage, while Macy’s intends to close 45 retail locations. Plus, Hive Brands seeks to become the Whole Foods of sustainable items. Get the Full Story Complete the form to unlock...
Women’s apparel and accessories retailer Charming Charlie hopes to have a big comeback in 2021 some 18 months after the firm fell into bankruptcy and closed all 261 of its stores. The chain — known for scarves, handbags, jewelry and more grouped by color —...
JCPenney is starting the new year with a post-Chapter 11 restart, new owners, new financing and soon will have a new CEO. But the old problems that have faced Penney and other mall-based department stores remain, and it’s not clear how (or if) the company...
New eco-friendly commerce platform Hive Brands hopes it can be sort of the Whole Foods of sustainable goods, as well as function as the equivalent of the Good Housekeeping seal of approval for ethically made products. Get the Full Story Complete the form to unlock...
As part of a three-year roadmap to close stores, Macy’s reportedly told staffers at roughly 45 locations that they will shutter by mid-2021. The department store retailer intends to close 125 stores by 2023, as unveiled in the past, CNBC reported. Get the Full Story Complete...
After reportedly missing payments amid the pandemic as shops closed for a time and occupants didn’t pay rent, Mall of America has changed the stipulations of its $1.4 billion mortgage and is current on the debt, CNBC reported. Get the Full Story Complete the form...
In today’s top retail news, American Express is launching new offers to start off the year, while the chief economist for the National Retail Federation says the stimulus will help with the continuing recovery. Plus, brick-and-mortar retailers in the U.K. suffering from pandemic restrictions before...
While economic difficulty caused by the pandemic will continue this year, National Retail Federation Chief Economist Jack Kleinhenz said in a press release that the stimulus passed at the end of last year will assist in speeding up the country’s continuing recovery. Get the Full Story...
U.K. brick-and-mortar retailers already suffering from COVID-19 restrictions in the run-up to Christmas saw foot traffic plummet during the key Boxing Day/post-Christmas period as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
