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Retail stores

Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

Valentino is sued for $207 million after shutting Manhattan boutique over pandemic

By: Jonathan Stempel
Source: Reuters
Date of Publication: February 19th, 2021
Valentino SpA was sued for $207.1 million by the landlord of its former American flagship on Manhattan’s Fifth Avenue, which said the Italian fashion company had no right to break its lease and leave the store in disrepair.
10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers

By: Lauren Thomas
Source: CNBC
Date of Publication: January 28th, 2021
One retail research and advisory group predicts as many as 10,000 stores could be closed in the United States this year, which would set a new record, as the Covid pandemic continues to take a toll on the industry and companies rethink how many locations they can sustain.
5 ways the coronavirus pandemic is reshaping the future of retail stores

5 ways the coronavirus pandemic is reshaping the future of retail stores

By: Lauren Thomas
Source: CNBC
Date of Publication: December 17th, 2020
The coronavirus pandemic is forcing retailers to rethink the role of the brick-and-mortar store.
Walmart to spread out deals to avoid Black Friday crowds

Walmart to spread out deals to avoid Black Friday crowds

By: ANNE D'INNOCENZIO
Source: The Associated Press
Date of Publication: October 14th, 2020
Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.
Apple engineers designed a custom face mask for employees — take a look

Apple engineers designed a custom face mask for employees — take a look

By: Cory Stieg
Source: CNBC
Date of Publication: September 28th, 2020
The custom face masks are intended for retail and corporate Apple employees to use to prevent the spread of Covid-19, Apple confirmed to Bloomberg on Sept. 9.
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.