ARTICLES BY THIS AUTHOR
- 4/9/2020
Ulta Beauty, At Home in additional measures to reduce costs; CEOs forgo salaries
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. - 4/9/2020
AAFES opens up mobile field exchange — in Manhattan
The Army & Air Force Exchange Service (Exchange) is following its motto and setting up operations where it is needed the most. - 4/9/2020
Big Lots raises funds with sale/leaseback agreements for DCs
Big Lots Inc. has entered into sale and leaseback agreements on its four company-owned distribution centers. - 4/9/2020
Acosta: Majority of consumers have changed grocery shopping habits amid COVID-19
The COVID-19 pandemic is driving more consumers to something that had previously been slow to catch on: online grocery ordering. - 4/9/2020
Study: Majority of Americans think stores should reopen by end of May
A new survey has some hopeful findings for retailers with shuttered stores even as it shows an increased level of consumer concern about COVID-19. - 4/9/2020
First Look: Jeff Bezos visits Amazon warehouse, Whole Foods Market store
Amazon founder and CEO Jeff Bezos made a surprise visit to an Amazon fulfillment center and a Whole Foods Market amid ongoing efforts by the company to ensure its workers’ safety amid the COVID-19 crisis. - 4/8/2020
Starbucks makes $10 million commitment to new employee relief initiative
Starbucks Corp. is expanding its efforts to help its employees around the world affected by the COVID-19 crisis. - 4/8/2020
Fitch Ratings: The retailers most vulnerable to current spending downtown include…
The COVID-19 pandemic is upending U.S. retail discretionary spending, which is projected to decline by 40% to 50% in the first half of 2020. - 4/8/2020
Costco comparable sales up 12.3% in March
Costco Wholesale Corp. benefited from a big increase in online demand in March as its sales rose amid the COVID-19 pandemic. - 4/8/2020
McDonald’s cutting about $1 billion in spending
McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.