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Keyword: retail

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  • Storied apparel brand Brooks Brothers files for bankruptcy, as it seeks a buyer and closes dozens of stores

    07/08/2020 5:51:35 AM PDT · by C19fan · 36 replies
    CNBC ^ | July 8, 2020 | Lauren Hirsch
    The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. The retailer, which is more than two centuries old, boasts of having dressed 40 U.S. presidents and countless investment bankers. Early to the office-casual look, it became known for its crisp oxfords and jaunty sports jackets. But rent had become a burden, and the pandemic torpedoed a sale process that began in 2019.
  • It's now safe to turn off your computer shop: Microsoft to shutter its bricks-and-mortar retail locations worldwide

    06/29/2020 9:02:21 AM PDT · by dayglored · 36 replies
    The Register ^ | Jun 26, 2020 | Richard Speed
    'Reimagined' flagships to endure, but that place you used to go to when the Apple Store was too busy is going away Microsoft has a new approach to retail. One, it appears, that does not involve its physical store locations.In a filing with the United States Securities and Exchange Commission, the company has announced what it calls "a strategic change in its retail operations".Or, in other words, shutting down its network of physical Microsoft Stores and going digital-only via and Xbox.The company said it would be taking a pre-tax charge of approximately $450m to do the deed, which will...
  • Online sales retailers who apologize for white people.

    06/19/2020 8:28:01 AM PDT · by nagant · 58 replies
    I went online shopping, and found three sites which apologized on behalf of white people for being white. Excuse me? I'm sure that these retailers have been coerced or threatened with burning and looting these retailer's facilities. I did not murder anyone, especially anyone of another race. These sites are advertising up front that they are racists. The retailers are Amazon, Walmart and Bed Bath & Beyond. I won't be shopping at these sites in the foreseeable future. There are many ways to lose money besides looting and burning. This is one of them. If you know of other major...
  • V-Shaped Boom? Retail Sales Skyrocket In May; Update: Markets Soar

    06/16/2020 8:58:04 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 06/16/2020 | Ed Morrissey
    V-shaped recovery, here we come? Maaayyybeee, but there is no doubt that today’s advance retail numbers for May show reason for hope. Even while a number of states still enforced lockdowns and restrictions on retail and food service establishments, the Census Bureau announced today that May’s numbers made up all the lost ground in April — and then some.Donald Trump wasted little time taking a victory lap on Twitter over the new numbers: Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET,...
  • Heartbreaking: Devastated Young Black Mom Tries to Shop in Looted Grocery Store for Food for her Kids(her life doesn't matter to Dems)

    06/15/2020 7:27:10 PM PDT · by sickoflibs · 37 replies
    Redstate ^ | June 15, 2020 | Nick Arama
    We saw a lot of devastation during the riots in a variety of different cities. Perhaps one of the most troubling things was seeing destruction in neighborhoods that could ill afford to lose stores that had now been looted, destroyed and/or burnt out. Seeing black business owners like Korboi Balla losing his lifeÂ’s dream, the sports bar he worked toward for so long. Or Stephanie Wilford, who was disabled and so could only go to stores near her apartment, her despair knowing that those stores that she so relied on as her lifeline to sustain herself were now gone. Fortunately...
  • We need malls to reopen or property taxes are going up, mayors say to Murphy

    06/13/2020 4:08:21 PM PDT · by CheshireTheCat · 58 replies
    NJ.Com ^ | June 12, 2020 | Bill Duhart
    A date for reopening New Jersey malls has not been announced by Gov. Phil Murphy and a group of mayors is pressing him on why. The mayors of Bridgewater, Elizabeth, Paramus, Wayne and Woodbridge sent a letter to Murphy this week requesting a quicker reopening of malls in their towns. “Willowbrook Mall is the largest taxpayer in our community and having them closed for so long is hurting our economy severely,” Wayne Mayor Chris Vergano said in the letter. All of the mayors said the economic impact from the closings is substantial. “We have been unable to collect revenue associated...
  • A note from Best Buy’s CEO: We will do better.

    06/03/2020 6:17:15 AM PDT · by rktman · 65 replies ^ | 6/3/2020 | Corrie Berry CEO
    We are, I believe, in one of the toughest times in our country's history, as we continue to battle a deadly pandemic and the resulting economic havoc while, once again, coming face-to-face with the long-term effects of racial injustice. Watching tens of thousands take to the streets to speak out against fear and inhumanity is, on one hand, inspiring for the commitment it represents and, on the other, heartbreaking for its profound need. But what's next? What do we do to change the cycle in which black men or women, with tragic frequency, are harmed by those who are supposed...
  • These Democrat Riots Will End America’s Downtown Renaissance

    06/02/2020 4:26:07 AM PDT · by EyesOfTX · 44 replies
    DB Daily Update ^ | David Blackmon
    The inevitable outcomes of this past week of rioting in the major, Democrat-controlled cities are very predictable. The abject refusal by Democrat mayors and governors to make any effort whatsoever to protect the citizens and small businesses from the excesses of Antifa- and BLM-led burning and pillaging will have consequences for those cities for decades to come. The first two decades of the 21st century have seen a revival of the central cities in America, as the Baby Boomer flight to the suburbs has given way to a move back to downtown and mid-town areas by Gen-X, Gen-Y and Millennials...
  • MACY’s flagship 5th avenue store destroyed…

    06/02/2020 5:07:38 AM PDT · by Red Badger · 82 replies ^ | June 2, 2020 12:40 am | Posted by Kane
    NIKE flagship store as well… VIDEOS AT LINK.........................
  • The Retail Model - From National Anchor to the Corner Store

    05/27/2020 2:45:46 PM PDT · by jfd1776 · 9 replies
    Illinois Review ^ | May 27, 2020 A.D. | John F Di Leo
    For years, friends walked through the mall, chuckling as they passed that funny counterculture store, on their way to the department store that served as an anchor at that end of the mall. They only came for the big department store, for its holiday sales and gift cards, and the licensed sweatshirts and jackets that they wore everywhere. They never noticed, but they often passed another group, going the other way. That group would enter at the department store entrance because they liked parking there, but they’d never shop in it; they liked the little boutiques down the aisles; that’s...
  • Los Angeles Coronavirus Update: Mayor Eric Garcetti Says, “All Retail Businesses,” Including Drive-Ins, Can Reopen So Long As They Observe Proper Protocols

    05/26/2020 9:17:46 PM PDT · by 11th_VA · 39 replies
    Yahoo Newspaper ^ | May 26, 2020 | Tom Tapp
    “Tonight,” Los Angeles Mayor Eric Garcetti said, “I want to announce new changes” to the restrictions put in place to prevent the spread of COVID-19. The mayor announced, as of tomorrow, the city will “allow all retail businesses” to let customers inside their stores so long as those businesses abide by COVID prevention best practices, which includes allowing only 50 percent of capacity...
  • In-store retail can reopen across California, pending county approval

    05/25/2020 5:29:11 PM PDT · by thecodont · 26 replies
    Variety via San Francisco Chronicle / ^ | Published 2:39 pm PDT, Monday, May 25, 2020 | Alex Stedman, provided by Variety
    The California Department of Public Health announced on Monday that places of worship and in-store retail shopping can reopen across the state, pending approval from the individual counties. New guidelines have also been issued in order for reopening. Under the new guidelines, places of worship can hold religious ceremonies and funerals that limit attendance to 25% of the building’s capacity — or up to 100 attendees, whichever is lower. This is subject to approval by each county’s department of public health. [...] All retail stores, which had previously reopened in certain counties, can now reopen statewide for in-store shopping, subject...
  • A Day at the Mall: Back When Shopping Was Fun

    05/20/2020 1:52:59 PM PDT · by jfd1776 · 28 replies
    Illinois Review ^ | May 20, 2020 A.D. | John F Di Leo
    For at least two hundred years, one of the goals of the retail industry has been to make shopping fun – to make a trip to the general store, or the downtown retail district, or the indoor mall an enjoyable, even entertaining experience. Stores are designed with an eye to bright colors and comfortable surroundings. Malls have been built with stages in the wings, so they could bring in high school choirs for Christmas caroling, or personal appearances by pop stars or children’s TV performers. Department stores like Nordstrom’s, and grocery stores like Mariano’s spend the money for both a...
  • April retail sales fell by 16.4 percent, the lowest level on record

    05/15/2020 5:56:57 AM PDT · by John W · 46 replies ^ | May 15, 2020 | Lucy Bayly
    April retail sales sank by 16.4 percent to their lowest level on record, as stores and restaurants felt the full weight of a month of coronavirus closures. The monthly sales data, which measures spending at places such as gas stations, restaurants, bars, and stores, was released Friday by the U.S. Bureau of the Census. The number was worse than economists had been anticipating, with most having forecast a 12 percent drop. By comparison, March sales were down by 8.3 percent, which was at that time the worst decline since records began in 1992.
  • J.C. Penney files for bankruptcy as coronavirus pushes retailer over edge

    05/16/2020 12:11:10 AM PDT · by knighthawk · 69 replies
    Fox Business ^ | May 15 2020 | James Leggate
    Retailer J.C. Penney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus. The stock has lost over 83 percent of its value in the last 12 months as business deteriorated even before the pandemic hit. Penney’s had been making efforts to revive the business but the coronavirus “created unprecedented challenges,” CEO Jill Soltau said in a statement.
  • Retail ‘probably’ included in next wave of reopenings in Michigan, Gov. Whitmer says (on May 28)

    05/14/2020 5:31:38 PM PDT · by Libloather · 5 replies
    mlive ^ | 5/14/20 | Justin P. Hicks
    Retail and pet grooming businesses could be among those that are able to reopen by the end of the month, Michigan Gov. Gretchen Whitmer said during a Thursday, May 14 video interview with MLive. If the number of new cases of COVID-19 continues to decline over the next two weeks, the governor said retail will “probably be in the next phase,” which she hopes Michigan will enter into after the current stay-home order expires at 11:59 p.m. May 28. “If we continue to see our testing go up and our positive cases continue to decline, that would be something that...
  • Neiman Marcus files for bankruptcy after coronavirus pandemic placed 'inexorable pressure' on the business despite stores reopening as lockdowns are lifted

    05/07/2020 2:47:44 PM PDT · by C19fan · 23 replies
    UK Daily Mail ^ | May 7, 2020 | Leah Simpson
    Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. Neiman Marcus, which filed for bankruptcy in a Houston federal court, said it reached agreement with creditors for $675 million of debtor-in-possession financing to aid operations while it attempts to reorganize. The CEO said they will continue to operate via digital platforms and via relationships with brand partners as well as at select physical locations as states reopen after lockdowns. The luxury department store chain follows J. Crew Group Inc, which...
  • SF's oldest ice cream parlor could close for good, but owner says the pandemic isn't the problem

    05/07/2020 2:24:12 PM PDT · by ConservativeStatement · 18 replies
    San Francisco Chronicle ^ | May 7, 2020 | By Amanda Bartlett
    San Francisco’s oldest ice cream parlor opened during a pandemic and will likely close during one, too. But the co-owner of 102-year-old St. Francis Fountain says that’s not the reason he’s potentially shuttering for good. Instead, he blames the city. “We were already undergoing an extinction level event for small businesses, first in metropolitan areas, and spreading out across California,” Peter Hood told SFGATE in an e-mail. “We could survive a pandemic. The deeper question is why? Why even try in a city that has been actively driving small businesses out of business for over a decade?”
  • It Begins: Neiman Marcus to File for Bankruptcy As Early as this Week After Government’s Lockdown Orders

    04/19/2020 6:33:11 PM PDT · by Hojczyk · 61 replies
    GP ^ | April 19,2020 | Jim Hoft
    Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said. The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York. Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of millions of dollars, which would...
  • American Truckers: Our New First Responders

    04/14/2020 5:28:56 AM PDT · by Kaslin · 19 replies ^ | April 14, 2020 | Salena Zito
    SHIPPENSBURG, Pennsylvania -- Chet Eby is making sure you will get all of the bacon you need for breakfast, or that thinly sliced prosciutto and provolone sandwich you've been craving. It is a Wednesday afternoon, and the 31-year-old has his young sons, Austin and Evan, with him hauling a load of 20-pound piglets from Cumberland County to Iowa. He is one of millions of road warriors behind the wheel of trucks traveling across the country every hour of every day to make sure the necessities you need and enjoy are available at your local grocers. "I am hauling baby pigs...