Editor’s Picks

Macy’s, Other Retailers Forced To Furlough Employees

Macy’s, Other Retailers Forced To Furlough Employees
Macy’s, Other Retailers Forced To Furlough Employees
March 30, 2020  |  Retail

Department store Macy’s will be forced to furlough most of its employees this week as the coronavirus pandemic continues to close hundreds of stores across...

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Wednesday Lease Deadline Looms For Retail
Wednesday Lease Deadline Looms For Retail
March 30, 2020  |  Retail

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time...

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Costco Reduces Hours, Updates Return Policy Due To COVID-19
Costco Reduces Hours, Updates Return Policy Due To COVID-19
March 30, 2020  |  Retail

Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. The warehouse club will not accept returns...

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UK Agencies Paint Stark Reality For Retail
UK Agencies Paint Stark Reality For Retail
March 30, 2020  |  Retail

The U.S. retail picture is bleak in this time of COVID-19. But the U.K. may be even worse. Data from February shows the U.K. economy...

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eCommerce Grocer Weee Notches Almost $50M In Funding
eCommerce Grocer Weee Notches Almost $50M In Funding
March 30, 2020  |  Retail

In Series B and Series B+ rounds headed up by VMG and XVC, California-based eCommerce grocer Weee notched almost $50 million in financing. Lightspeed Ventures,...

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Google, Amazon Urged To Delay SMB Cloud Payments
Google, Amazon Urged To Delay SMB Cloud Payments
March 30, 2020  |  B2B Payments

Top technology conglomerates including Google, Amazon and Microsoft are being urged to allow their startup and small business customers to defer payments for cloud services,...

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Airbnb Execs Take Less Pay, Sideline $800M Marketing Plans
Airbnb Execs Take Less Pay, Sideline $800M Marketing Plans
March 30, 2020  |  Economy

Airbnb is looking to pause its marketing campaigns as a way to save $800 million while the company’s executives slash half of their salaries, Reuters...

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US Mall Owner Taubman Tells Tenants To Pay Up
US Mall Owner Taubman Tells Tenants To Pay Up
March 30, 2020  |  Retail

U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on...

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