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Retail stores

Americans splurged over Labor Day weekend. That's the good news

Americans splurged over Labor Day weekend. That's the good news

By: Howard Schneider
Source: Reuters
Date of Publication: September 10th, 2020
People flocked to stores - and back to restaurants - over Labor Day weekend in the United States, setting post-pandemic highs for retail foot traffic and seated dining but also posing a puzzle.
No pandemic pause in IKEA's U.S. shopping mall plans

No pandemic pause in IKEA's U.S. shopping mall plans

By: Anna Ringstrom
Source: Reuters
Date of Publication: September 7th, 2020
IKEA’s shopping centers business hopes to open the doors of its first mall in the United States, in the center of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.
TJX forecasts current-quarter comparable sales to drop up to 20%

TJX forecasts current-quarter comparable sales to drop up to 20%

Source: Reuters
Date of Publication: August 19th, 2020
TJX Cos Inc (TJX.N) on Wednesday forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Hersheyʼs Chocolate World reopens with new coronavirus safeguards- Hereʼs our first look

Hersheyʼs Chocolate World reopens with new coronavirus safeguards

By: Sean Adams
Source: PENN Live
Date of Publication: June 5th, 2020
Hersheyʼs Chocolate World retail store reopened on June 5 after installing several new health and safety precautions.
Foot Locker Says Same Store Sales Up 18 Percent Due In Part To Stimulus Checks

Foot Locker Says Same Store Sales Up 18 Percent Due In Part To Stimulus Checks

By: PYMNTS
Source: PYMNTS
Date of Publication: August 10th, 2020
Foot Locker reported comparable store sales increased by 18 percent in the second-quarter ended Aug. 1 as the chain reopened and sales unexpectedly increased — likely due in part to government stimulus checks.
RESPONDING TO COVID-19: SERVING CUSTOMERS AND ASSOCIATES WITH ESSENTIAL PRODUCTS AND SERVICES

RESPONDING TO COVID-19: SERVING CUSTOMERS AND ASSOCIATES WITH ESSENTIAL PRODUCTS AND SERVICES - Lowes

By: Lowes
Source: Lowes
Date of Publication: May 5th, 2020
Lowe’s takes preventative measures and invests nearly $600 million in response to coronavirus pandemic
Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 21st, 2020
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.
As virus-wary shoppers opt for online purchases, retailers pay the price

As virus-wary shoppers opt for online purchases, retailers pay the price

By: Lisa Baertlein, Melissa Fares, Nivedita Balu
Source: Reuters
Date of Publication: July 15th, 2020
Online sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy’s Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.
Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce_CNBC

Levi’s sales fall 62% in second quarter, to cut 15% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 7th, 2020
Denim maker Levi Strauss & Co.’s sales fell 62% during the second quarter, the company announced Tuesday.
GNC filed for bankruptcy and could close up to 1,200 stores_BI

GNC filed for bankruptcy and could close up to 1,200 stores

By: Madeline Stone
Source: Business Insider
Date of Publication: June 24th, 2020
GNC filed for Chapter 11 bankruptcy protection late Tuesday night.