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News Articles: retail

Shoppers line up near sale signs at a Burlington store in New York in June.

Tagged as: 

  • Business

How A Retail Chain Without A Website Powered Through The Pandemic

Burlington shut down online sales in March right before coronavirus lockdowns. But it's among the discount retailers that have endured the pandemic surprisingly well, even opening new stores.

February 17, 2021
|
By:
  • Alina Selyukh
People walk in front of stores in New York's Herald Square. Retail sales soared 5.3% last month compared to December as U.S. families began receiving new federal coronavirus relief checks.

Tagged as: 

  • Business

Shoppers Splurged In January As New Stimulus Checks Arrived

Retail sales soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.

February 17, 2021
|
By:
  • Alina Selyukh
Shoppers walk past a "Sale" sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Jan. 7.

Tagged as: 

  • Business

Retail Spending Dips For 3rd Straight Month As Infections Surge

Restaurants and bars are reeling from spikes of coronavirus cases in their communities. Earlier holiday sales meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.

January 15, 2021
|
By:
  • Alina Selyukh
Shoppers walk through Macy's in New York on Black Friday last month. Retail sales declined 1.1% in November, according to the Commerce Department.

Tagged as: 

  • Business

U.S. Retail Spending Declined The Most Since Historic Plunge In April

Retail sales dipped 1.1% in November compared with a month earlier as new coronavirus surges restricted outings to stores and especially restaurants.

December 16, 2020
|
By:
  • Alina Selyukh
Some workers at Amazon warehouses such as this one in the Staten Island borough of New York City have been trying to organize, facing stiff opposition from the company. Amazon workers in Alabama have now petitioned to form a union.

Tagged as: 

  • Business

Amazon Warehouse Workers In Alabama Petition To Unionize

Warehouse workers in Bessemer, Ala., notify federal labor authorities of plans to hold a unionization vote, teeing up a major labor battle at the retail giant known for its opposition to unionizing.

November 25, 2020
|
By:
  • Alina Selyukh
People wait in line outside for their turn to enter the JD Sports store in New York City on Nov. 5.

Tagged as: 

  • Business

Shoppers Snap Up Electronics, Aren't Splurging Elsewhere

Shoppers kept buying electronics and home improvement supplies, but sales overall rose only 0.3% in October.

November 17, 2020
|
By:
  • Alina Selyukh
Heather Wilcox-Nicholls lost her job with Mattress Firm during the pandemic. She had been with the company for about five years and was about to take on a new store as a manager.

Tagged as: 

  • Economy

These Women Built Careers In Retail. The Pandemic Tore Through Their Stores

Women hold the majority of jobs in clothing and department stores, gift and souvenir shops. They run cash registers everywhere. Now thousands of stores have shuttered, leaving them jobless.

November 05, 2020
|
By:
  • Alina Selyukh
Shoppers stroll through the newly reopened Westfield Santa Anita mall in Arcadia, Calif., on Oct. 7.

Tagged as: 

  • Business

Shoppers Came Back To Department Stores In September, Lifting Retail Sales

U.S. retail spending grew 1.9% last month, delivering a slight boost of confidence amid a recent spate of signs that the economic recovery has lost momentum from the pandemic's toll.

October 16, 2020
|
By:
  • Alina Selyukh
What role should retailers play in pushing for harsher penalties for people caught shoplifting?

Tagged as: 

  • Business

When Shoplifting Is A Felony: Retailers Back Harsher Penalties For Store Theft

A new report by the consumer-interest nonprofit Public Citizen calls out major retailers for donating to trade groups and campaigns supporting harsher shoplifting penalties in at least 18 states.

October 16, 2020
|
By:
  • Alina Selyukh
People walk through the newly reopened mall at Hudson Yards in New York. U.S. shoppers spent more prudently in August and retail sales grew a tepid 0.6% from July.

Tagged as: 

  • Business

People Are Spending More On Furniture, Clothes, Restaurants And Bars

But U.S. shoppers spent more prudently in August and retail sales grew a tepid 0.6% from July, after extra federal jobless benefits expired and families faced a confusing back-to-school season.

September 16, 2020
|
By:
  • Alina Selyukh
A shopper walks past shelves of school supplies at a Target store in San Rafael, Calif. Preparing for both in-person and virtual learning has families budgeting for new school supplies and bigger purchases.

Tagged as: 

  • Business

A Confusing Back-To-School Season May Lead To Blockbuster Spending

Preparing for both in-person and virtual learning has families budgeting for new school supplies like masks and bleach wipes as well as bigger purchases like laptops, speakers, desks and chairs.

August 27, 2020
|
By:
  • Alina Selyukh
A pedestrian walks by Saks Fifth Avenue as New York City continues relaxing more restrictions imposed to curb the coronavirus pandemic.

Tagged as: 

  • Business

Midsummer Shopping In Recovery Mode: July Retail Sales Rise 1.2%

People particularly stocked up on electronics and appliances, took more trips with stops at gas stations, and cautiously went out to eat as more stores and restaurants reopened.

August 14, 2020
|
By:
  • Alina Selyukh
An employee works inside a Jos. A. Bank retail store in San Francisco. The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs.

Tagged as: 

  • Business

Unsuitable For A Pandemic? Add Men's Wearhouse, Jos. A. Bank To Bankruptcy List

The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. It's joined in pandemic bankruptcy by rival Brooks Brothers and a growing list of others.

August 03, 2020
|
By:
  • Alina Selyukh
A woman walks out of Lord & Taylor's flagship store in Manhattan in June 2018, before the location was closed and the building was sold in 2019.

Tagged as: 

  • Business

Lord & Taylor, Oldest U.S. Department Store, Files For Bankruptcy

The retailer was acquired in 2019 by online clothing-rental startup called Le Tote. It joins a cascade of bankruptcies by major apparel stores, triggered by the doldrums of the coronavirus pandemic.

August 02, 2020
|
By:
  • Alina Selyukh
An Ann Taylor store in New York City in 2015. Ascena Retail Group, which owns Ann Taylor, Loft and Lane Bryant, has filed for bankruptcy.

Tagged as: 

  • Business

Another Bankruptcy At The Mall: Parent Company Of Ann Taylor, Loft Is Latest To Fail

Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.

July 23, 2020
|
By:
  • Alina Selyukh
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