In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 percent for some brands as dealerships were shut down due to concerns over...
Some products were just made for these times. Take, for example, The Edge Desk. In January of this year, it was just an interesting, ergonomically designed piece of office furniture. Then came February, March and the COVID-19 crisis – and suddenly the whole definition of...
The retail bankruptcy watch turned to some Wednesday morning quarterbacking this week, as industry experts and observers took turns assessing the current and potential damage to the department store category amid the coronavirus crisis. Get the Full Story Complete the form to unlock this article...
To provide children and families with entertainment amid the coronavirus pandemic, Build-A-Bear Workshop, Inc. has rolled out its Workshop Wednesdays online program. The online resource offers different activities and ways to stay entertained during the week, according to an announcement. Get the Full Story Complete the...
To contend with the COVID-19 pandemic, Macy’s is considering raising up to $5 billion worth of debt. The retailer will look to bring in $3 billion with inventory as collateral, as well as $1 billion to $2 billion with real estate, CNBC reported, citing unnamed...
The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate...
There aren’t many true “hybrid” companies in the U.S. – ones with business models that straddle the line between B2B and B2C delivery. Credit card companies come to mind. Some tech companies like Microsoft and IBM fit the bill. But in the food distribution business,...
The luxury fashion sell-off has moved downscale and may be taking with it any hopes for an orderly reopening and recovery for casual fashion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
7-Eleven customers can now use the 7NOW delivery app to order wine, beer or liquor anytime in participating markets, as well as hot or ready-to-bake whole pizzas on weekends. The convenience store chain is running a promotion on pizzas each Friday, Saturday and Sunday until May...
