Nordstrom Inc. is shuttering its brick-and-mortar retail locations for two weeks in the United States and Canada, with the inclusion of Nordstrom Rack stores, to restrict the proliferation of the coronavirus, the company said in an announcement. Nordstrom will provide store employees with pay as...
The partial shutdown of the U.S. retail economy is unprecedented. Terror attacks on 9/11 happened well before the internet was a factor, and are therefore not relevant as a comparison. And other public health crises like flu epidemics didn’t come close to the current need...
It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. Right downtown, 10,000 square feet, enough room for five storefronts with a lacrosse and soccer field on top of the parking garage. But it never happened. No...
As staffers need time away from work to tend to their children, or they become ill, supermarket companies are speeding up hiring to have workers able to fulfill eCommerce orders or operate stores. The leaders of big chains had a call with the White House...
As Amazon elevates the importance of delivering highly sought products amid the coronavirus pandemic, the eTailer said independent merchants would not be able to send merchandise to its warehouses except for household staples, medical products, and other items in high demand until early April, The Wall Street...
While the coronavirus is canceling public events and sending consumers searching for cleaning supplies as well as food, homebuyers still have an appetite for purchasing luxury apartments in New York City. Olshan Realty Inc. noted in a report, as cited by Bloomberg, that 21 contracts were...
Troubled British department store chain Debenhams is asking for relief from landlords for five months of rent as it anticipates trouble from the ongoing coronavirus scare, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article...
Things are getting a bit testy in retail land. The world’s largest retail trade group sent a letter on Monday (March 16) to the National Governors Association and the U.S. Conference of Mayors stating its subtle displeasure about retailers finding out about mandatory store closures...
A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have and had inappropriate financial relationships with private equity owners, all while the company was crumbling due to increased competition from...
