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.
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.
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%.
Retail sales dipped 1.1% in November compared with a month earlier as new coronavirus surges restricted outings to stores and especially restaurants.
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Shoppers kept buying electronics and home improvement supplies, but sales overall rose only 0.3% in October.
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.
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.
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.
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.
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.
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.
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.
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.
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.