Retail Industry News

Retail Apocalypse Accelerates - 8,700 Stores Closing, Number Set To Rise

The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise. Trepp's June CMBS remittance report…

Will the Retail Apocalypse Crush Simon Property Group?

Brick-and-mortar retailers have been under increasing pressure as more consumers shift their shopping online. Many have shuttered locations that aren't generating enough retail sales to turn a profit. Meanwhile, some have closed up shop entirely…

Disappointment at no direct government help for retail in mini-budget

Become a member for unlimited and immediate access. 08 Jul 202014:57 by Paul Skeldon Little help for retailers in the budget, but diners may help the high street Today's mini-budget offers scant help for retail, but there are some positives for…

US retail rebound falters as virus infections surge

US retailers' rebound from the coronavirus shutdown is starting to flatline as infection rates jump in swaths of the country, according to executives and industry data, intensifying concerns that consumer spending will remain weak for a protracted…

Enhanced Retail Solutions Celebrates Eighteen Years of Service

We have weathered recessions, retailer bankruptcies, new competitors, skyrocketing NYC costs and now a pandemic. We are pleased to continue to help retailers, their vendors and licensors – especially through these difficult times. - Jim…

How Physical Retail Is Transforming in an Increasingly Digitized World

Melissa Gonzalez is an agile retail strategist and pioneer in bringing the pop-up retail format to the mainstream. She is the founder and CEO of The Lionesque Group, a firm of award winning retail strategists and pop up architects™ as well…

Shop, But Don't Drop: Reviving Retail In The Post-Covid World | Forbes India Blog

The current Covid-19 pandemic is the type of high profile, hard to predict, rare event that is difficult to quantify beyond the usual realms of expectations in history, finance, technology or science. unexpected outbreak of the pandemic has…

The retail bankruptcies and store closings just keep coming. For some merchants, the pandemic was 'the straw that broke the camel's back.'

Many of America's storied retailers already were facing big challenges, but the COVID-19 pandemic has hastened difficult decisions that will mean job losses and empty storefronts in the Chicago area and elsewhere. Stay-at-home orders, layoffs and…

Retail therapy boosts The Warehouse sales after lockdown

Shoppers have been out in force after lockdown if one of the country's biggest retailers is any measure. The Warehouse Group has seen a big jump in sales at most of its stores, with trading for the June quarter to date up 19.3 per cent, although…

Nike to Debut 'Rise' Retail Concept in China

Nike is hoping to climb to greater heights with the debut of its latest retail concept, Nike Rise. The first of the large-format stores will open July 9 in Guangzhou, China, and it will mark the debut of the sporting goods giant's fourth retail…

The Retail Industry Leaders Association, which represents Target, Home Depot and other major chains, has asked state governors to mandate wearing masks in retail establishments citing confusion on rules for shoppers (and hostility from shoppers). Should the governors make masks mandatory while shopp

Levi's sees European ecommerce sales surge, cuts non-retail workforce by 700

08 Jul 202012:43 by Paul Skeldon Levi's: doubling down on digital transformation post-COVID Jean's maker Levi's sees strong online growth in Europe, but starts cutting non-retail jobs to cut costs Shifts in fashion retail continues as Levi Strauss…

Huddersfield retail park changes hands for millions

One of Huddersfield's smallest retail parks has been bought eight months after its owners went bust. Gallagher Retail Park at Waterloo has remained open despite the Preston based firm behind it, Marcus Worthington Properties Limited, going into…

Retail workers are being pulled into the latest culture war: Getting customers to wear masks

It's been nearly a week since the city of Mobile, Alabama, began requiring masks in public. But inside the dollar store where Kae Palmer works, not much has changed. Most shoppers still come in without face coverings. Workers are quick to remove…

Retail and travel stocks take hit

Australian stocks plunged on Wednesday as the fresh Victorian lockdown prompted falls in retail, travel and property stocks. The benchmark S&P/ASX 200 fell 93 points, or 1.54 per cent to 5920.3, with consumer discretionary and industrials facing…