Revenge shopping will not be a factor in the U.S. retail reopening. With all 50 states now in some phase of loosening lockdown restrictions, there were only scattered reports of large crowds or binge-buying that would compare to some of the behaviors seen in China...
To decrease its outstanding liabilities and bolster its total financial position, Tuesday Morning Corporation said in a statement that it has filed for Chapter 11 bankruptcy to pursue “financial and operational reorganization.” The retailer said it filed voluntary petitions in the United States Bankruptcy Court for the...
San Francisco is making it easier for restaurants to reopen as the city’s mayor launched a plan to extend seating onto sidewalks, parking spaces and streets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week. The technology company will have approximately 130 of 271 Apple Stores in the country open by this week’s conclusion, CNBC reported. Get the Full Story Complete the...
Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
For Greater Oklahoma City families who are eager to spend the day at an amusement park, Six Flags Entertainment Corp. has some good news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
What will it take to bring consumers and product buyers out of their homes and onto the road as the economy reopens? The wholesale website Faire is betting they’ll “leave” their homes via its trade show platform. Get the Full Story Complete the form to...
The last time Chinese eCommerce companies collaborated for an online shopping holiday it was called Singles Day. Held on 11/11 and managed by Alibaba, in 2019 it took in $38 billion. It was also the likely inspiration for Amazon’s Prime Day, which took in $7.1...
