The debut of new omnichannel features such as same-day delivery and curbside pickup, among other factors, helped fuel 296 percent eCommerce growth for The Michaels Companies, Inc. in Q1. The retailer, however, reported a 27.6 percent drop in comparable store sales for the 13 weeks...
LVMH is considering walking back its deal to purchase Tiffany & Co. for $16.2 billion due to the effects the pandemic and recent U.S. social unrest have had on the retail vertical, Reuters reported. Get the Full Story Complete the form to unlock this article...
The parent company of New York & Co., the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. Get the Full Story Complete the form to unlock this...
For many more Americans than usual, COVID-19 woes mean that “soup’s on!” Now, the Campbell Soup Company’s top executive predicts that his company’s products will keep moving right off the shelves, even as U.S. lockdowns ease. Get the Full Story Complete the form to unlock...
AMC Entertainment Holdings is warning investors that it may not be able to survive “as a going concern” as the movie theater giant struggles with the economic fallout from the coronavirus crisis. Get the Full Story Complete the form to unlock this article and enjoy...
After a dark and difficult few months, there might finally be some light at the end of the tunnel for some restaurants as spring 2020 turns into summer and businesses start to open in a limited fashion nationwide. Get the Full Story Complete the form...
The digital shift in the during the pandemic has been substantial. But the retail industry may need new and bigger adjectives as the COVID-19 crisis wears on in some geographic areas and moves on in others. Because new evidence shows that eCommerce market share could...
No one ever said RH Chairman and CEO Gary Friedman was shy. His ringing endorsement of the luxury goods market, released yesterday as his annual letter to shareholders, was a clarion call to the frontlines of retailing during a decidedly difficult time. Get the Full...
As it took “decisive actions” to maintain liquidity, Express Inc. reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 million...
