The business and consumer timelines for reopening retail don’t quite match up, which could be devastating news for malls. Several conditions beyond government permission will be needed for consumers to consider anything near typical shopping behavior. And in retail strategy, educational toy company Learning Resources is pivoting into content amid the...
California was the first state to issue a stay-at-home order in March, and all 50 states have since provided social distancing guidelines. Consumers everywhere are wondering when the restrictions will be lifted, when the economy will reopen and whether it will be possible to resume living their...
Lord & Taylor is mulling a bankruptcy filing as the coronavirus lockdown continues to negatively impact nonessential retail, while JCPenney recently skipped an interest payment. But in grocery, GrubMarket is taking the hybrid model to the farmers’ market and has seen higher online grocery business since the crisis began. All this, Today in Data. Get...
American businesses and consumers are anxious to know whether the curve is being flattened and when the economy will reopen – and what life will look like when it does. Some of the smartest researchers and economists, among other experts, are focused on the first two questions....
The drive-thru has been an important focal point as dine-in seating areas have been shuttered to slow the coronavirus’ spread. Quick-service restaurant (QSR) operators are shifting their focus to digitally upgrade their drive-thrus – in addition to other modes of off-premise ordering – in an effort to...
Lawmakers and business leaders had high hopes for the Paycheck Protection Program (PPP): They thought it would provide the funds required for small to medium-sized businesses (SMBs) to maintain their operations and retain their staff during the pandemic. It may not be sufficient, however, given the...
Quick-service restaurant (QSR) chains are looking into many promotions and efforts to help survive the coronavirus crisis. Chipotle Mexican Grill, in one case, has offered free delivery for orders over certain amounts through March and April. Third-party delivery platforms are also implementing a range of measures to...
Grocers contended with panic buying, supply chain challenges and safety issues while the public stocked up on essential items as the coronavirus crisis hit in March. And, with the panic subsiding, it’s now clear that grocery shopping is experiencing a reduction in overall shopping visits and a...
The SBA PPP rescue relief effort started taking applications from banks on behalf of their small business customers on April 3. Many of those small and medium-sized businesses (SMBs) had already begun working with their commercial bankers to gear up for that go-live day immediately after the...
