Ulta Beauty and At Home Group have joined the growing list of retailers who are taking additional measures to shore up their finances and reduce expenses as their stores remain closed during the COVID-19 pandemic.
McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.
Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, with imports are projected to remain significantly below normal levels through early summer as the COVID-19 pandemic continues.
More retail companies are furloughing employees and announcing executive pay cuts — some to greater degrees than others — as stores remain closed indefinitely during the COVID-19 pandemic.
Dollar sales declined 16% in the third week of March as hoarding slowed, but growth in a number of key industries helped stave off an even greater decline.
Nike has drawn on its access to materials and expertise in product innovation expertise to develop full-face shields and powered, air-purifying respirator (PAPR) lenses to protect against COVID-19.
The nation’s two largest drug store chains have implemented additional preventive measures to protect employees and customers amid the COVID-19 pandemic, including installing plexiglass shields at counters and equipping employees with protective gear.
Love’s Travel Stops has opened six new Truck Care and Speedco locations as truckers work to keep up with increased demand for food and other essential goods during the COVID-19 pandemic.
Despite the COVID-19 crisis, Americans consumers are still relatively optimistic but changes in purchasing behavior and spending are becoming more apparent.
Citing the “acute shock” to its business resulting from COVID-19, Under Armour outlined a series of cost-cutting measures as the financial toll of the pandemic rises.
BJ’s Wholesale Club has joined other big-box retailers in limiting in-store traffic and implementing additional measures to support the health and safety of customers and employees during the current pandemic.
Meijer joins the growing list of retailers checking the temperature of its employees to protect against the spread of COVID-19 and ensure a safe work environment.
Benjamin Moore has teamed up with the Painting Contractors Association to underwrite participation costs for the association’s online “Operation COVID-19 Response” educational event.
Chicos’s FAS Inc. is the second retailer in recent days to adopt a limited duration shareholders rights plan after disruptions due to COVID-19 pandemic.
For professional drivers and others working to support their communities during COVID-19, there is little doubt that the locations operated by Pilot Company are considered essential retail.
Walgreens Boots Alliance provided an early look at the impact of COVID-19 on the drugstore industry during its second-quarter earnings call with analysts.
Amazon outlined additional steps to protect its fulfillment center and delivery employees during the COVID-19 outbreak after coming under some criticism that it was not doing enough.
The Home Depot announced temporary changes to help reduce the spread of COVID-19 along with an update on how it is contributing to front line medical professionals.
The Children's Place Inc. is the latest retailer to furlough employees and take other measures to boost financial flexibility as it extends store closures indefinitely amid the COVID-19 pandemic.
The Kroger Co. maintained its first-quarter guidance and reported a 30% increase in March same-store sales, with surging demand in the middle of the month amid the COVID-19 outbreak.
A device that resembles a dome security camera is designed to heighten real-time awareness of social distancing in retail stores – especially in busy areas frequented by multiple shoppers.
Tailored Brands has adopted a shareholder rights plan, or so-called poison pill, aimed at reducing the likelihood that a person or group can gain control of the retailer at its depressed share price.
With its stores temporarily closed, Urban Outfitters said it will suspend the payment of rent temporarily and delay or cancel some planned new store openings.
Rob Almond, CEO of integrated facilities management company NEST, will deliver a virtual address on crisis management on Wednesday, April 8, to students at St. Joseph’s University, which is located in Philadelphia.
Walmart Inc. is taking additional steps to ensure the safety of its workers and customers during the COVID-19 pandemic, from taking the temperature of workers to one-way store aisles.
With no clear timeline for when stores will reopen, Macy’s Inc. is furloughing most of its employees as the COVID-19 outbreak continues to take a heavy toll on its business.
Brooks Brothers and Under Armour joined the growing list of retailers who are using their facilities to make badly-needed medical supplies for frontline healthcare workers in the wake of the novel coronavirus.
With most stores closed throughout much of the United States to help stem the spread of COVID-19, retail landlords are being inundated with requests for rent relief.
The dominant grocer in Florida is offering assistance to some of its neighboring businesses as the COVID-19 pandemic forces them to temporarily close their doors.
The International Council of Shopping Centers is sounding the alarm as mandated closures create a growing and major threat to the continuity of cash flow between tenant, property owner and commercial lender.
Kohl’s is joining Macy's Inc. in furloughing a good deal of its workforce and cutting capital expenditures as it extends store closings in the wake of the COVID-19 outbreak.
Build-A-Bear Workshop furloughed the majority of its workforce, with the employees receiving benefits but not “direct compensation,” effective March 29.
In an unlikely partnership, the nation’s premier luxury department store company is teaming up with a leading fabric and craft retailer to help fill part of the immediate need of materials for medical personnel. Gap Inc. has launched a similar effort.
A business update on Thursday by The Wendy’s Company revealed the impact of COVID-19 pandemic on the company's business and quick-service restaurant segment as a whole.
The American Staffing Association and the Retail Industry Leaders Association are teaming up to address the immediate need to fill openings for workers at essential businesses that provide critical services during the COVID-19 pandemic.
Target Corp. is putting a temporary hold on some of its store remodeling and growth initiatives to minimize potential disruptions as it focuses on serving customers during the coronavirus pandemic.
Target Corp. provided a update into its performance amid the COVID-19 outbreak, during which it has experienced surging sales in certain categories and rising costs.
Marcus Lemonis, chairman and CEO of Camping World Holdings and star of CNBC show “The Profit,” is stepping up to assist employees experiencing financial and personal difficulties due to the COVID-19 crisis.
Nordstrom is taking “precautionary measures” to strengthen its financial position in response to “market uncertainty” from the novel coronavirus pandemic.
Pier I Imports is temporarily laying off a large number of its employees and reducing pay for those that remain to help mitigate the financial impact of COVID-19.
Neiman Marcus Group’s struggle to ease its massive debt load has reached a critical stage, compounded by the slowdown in business amid the COVID-19 outbreak.
Traffic at the nation’s shopping malls was trending in the wrong direction even before states started issuing stay-at-home orders and closing non-essential retail businesses amid the COVID-19 crisis.
While many retailers are now offering seniors and those at risk dedicated shopping hours during the COVID-19 outbreak, Target is expanding on the concept.
Best Buy Corp. has shifted all its stores to curbside pickup only in an effort to help protect customers and employees and keep up with surging demand for home office products during the COVID-19 outbreak.
The founder and CEO of Amazon wrote an open letter to his employees in which he said he is devoting all his time and attention to only one issue: the impact of COVID-19 and his company’s response to the spread of the virus.
Target Corp. is investing more than $300 million in added wages, a new paid leave program, bonus payouts and associate and community relief fund contributions in response to the COVID-19 pandemic.
As confusion reigns about what is considered essential retail amid the coronavirus outbreak, three states have taken action. More are likely to follow suit.
Dollar Tree has joined the list of grocers, retailers and restaurant chains that are ramping up their hiring efforts to keep up with consumer demand in the wake of the COVID-19 outbreak.
In what is designed to serve as a model going forward, CVS Health has opened up a COVID-19 testing site in the parking lot of its store in Shrewsbury, Mass., about 50 miles west of Boston.
The Department of Homeland Security released updated COVID-19 guidance identifying the “essential critical infrastructure workforce” during the ongoing national emergency.
As states and local municipalities put out conflicting reports on what type of businesses and facilities are “essential” during the COVID-19 pandemic, the nation’s two leading retail organizations say it’s critically important that distribution centers make the list.
The Retail Industry Leaders Association detailed several economic measures that should be a part of a larger stimulus package to aid the broader U.S. economy in response to COVID-19.
The National Retail Federation wants the government to give national guidance on what type of retail businesses should stay open during the coronavirus pandemic.
Tailored Brands is shutting its e-commerce fulfillment centers and limiting or deferring all discretionary spending in response to the coronavirus pandemic.
At a time when consumers are more reliant on technology than ever before, Best Buy is taking action to keep up with consumer demand and help stop the spread of the coronavirus.
Walmart and the Walmart Foundation have committed $25 million to support organizations on the front lines responding to the outbreak of the global COVID-19 pandemic.
With indoor malls temporarily going dark as stores and restaurants close to help contain the spread of COVID-19, the International Council of Shopping Centers is appealing to the federal government for relief.
More retailers are joining the growing list of companies that are temporarily closing their stores to help stop the spread of the coronavirus pandemic.
Nordstrom Inc. expressed confidence in its ability to weather “this challenging moment in time” as it announced the closure of its U.S. and Canadian stores for two weeks to help limit the spread of Covid-19.
The nation’s major specialty retailers, many of them mall-based, are temporarily closing stores and or reducing hours in the wake of the coronavirus pandemic.
The National Retail Federation and the Retail Industry want consumers to stop hoarding and stockpiling items during the coronavirus (COVID-19) pandemic.
Dollar General ended its fiscal year on a strong note, reporting another year of record sales and earnings that included its 30th consecutive year of same-store sales growth.
The digitally native, eco-friendly footwear company that makes women’s shoes out of recycled and sustainable materials has touched down in New York City.
Costco Wholesale Corp. reported stronger earnings and sales than analysts had expected as shoppers stock up on goods in light of the coronavirus outbreak.
Dollar Tree reported fourth-quarter earnings that topped expectations as the discounter continues to upgrade its Family Dollar portfolio and launches a new initiative.
Disappointing sales of toys, electronics and home goods made for a somewhat mixed fourth quarter for Target Corp. even as the chain maintained its impressive run of same-store sales gains.
Target Corp. on Tuesday detailed several new initiatives for 2020, including robust expansion of its smaller-sized format, the scaling of a robotics solution and the addition of alcoholic beverages and fresh groceries to its pickup services.
