Retail

Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter. Despite strong demand for toys in the quarter, Hasbro’s revenue fell 29% on a pro forma basis. Nearly 30% of its global toy and game revenue came from online sales.

Mattel Inc beat quarterly sales expectations on Thursday, as its North Americans customers splurged on Barbie dolls and Uno playing cards to keep their kids entertained during coronavirus-induced lockdowns.

The grocer started communicating with Chinese counterparts in January and was running tabletop simulations a few weeks later. (But nothing prepared it for the rush on toilet paper.)

Men’s Warehouse owner Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 of its stores that it could close “over time.” It did not disclose a list of locations. Earlier this month, Tailored Brands skipped a $6.1 million payment to bondholders, triggering a 30-day grace period.

JCPenney has survived world wars, the Great Depression, the Great Recession and the rise of both big box and online rivals. But surviving the Covid-19 pandemic is very much in doubt.

Lowe’s said it will donate $25 million toward small business grants in rural communities, in addition to $30 million in grants for minority-owned businesses.

Testees complain about waiting more than 10 days as coronavirus cases surge in U.S.

DoorDash announced a partnership Thursday with Walgreens Boots Alliance to deliver over-the-counter medication and other products from the drugstore chain.

CVS (CVS) and Target (TGT) will require customers to wear masks in their stores across the United States as the retail industry moves to enforce mask mandates to slow the spread of the coronavirus.

U.S. retail sales increased a better-than-expected 7.5% in June. That was on top of the 18.2% jump in May, which was the biggest gain since the government started tracking the series in 1992. The budding economic recovery is being threatened, however, by a resurgence in new Covid-19 infections and high unemployment.