Category: Retail & Wholesale

June 26, 2020

The pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]

June 25, 2020

The fallout of the sales collapse at Macy’s brought on by the COVID-19 pandemic continued on Thursday as the department store chain announced thousands more job cuts. Macy’s, the largest U.S. department store company, said it was eliminating some 3,900 […]

June 24, 2020

Add GNC to the list of retailers too fragile to withstand the stress on their business from the COVID-19 pandemic. GNC’s parent company, GNC Holdings Inc., filed for Chapter 11 bankruptcy protection late Tuesday, and the health and wellness retailer […]

June 16, 2020

BALTIMORE — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday that retail purchases […]

May 26, 2020

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]

May 21, 2020

Macy’s is warning that it could lose more than $1 billion during its first fiscal quarter after the coronavirus pandemic paralyzed retail operations nationwide. Sales, the New York department store said in a preliminary report Thursday, could plummet to around […]

May 20, 2020

Target shoppers turned more to same-day services to cut down on time in stores as Americans sheltered in place due to the coronavirus pandemic. The Minneapolis-based retailer announced Wednesday that its Drive Up curbside pickup, in-store pickup and Shipt delivery […]

May 15, 2020

BALTIMORE — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy. The Commerce Department’s report Friday […]

May 13, 2020

WASHINGTON — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States. The Labor Department said that its producer price index, […]

May 4, 2020

J. Crew Group Inc. filed for bankruptcy, unable to revive flagging sales of its preppy clothing line amid the coronavirus pandemic and crushed by debt rooted in a long-ago leveraged buyout. The retail chain had obligations of almost $1.7 billion […]