Marianne Wilson
ARTICLES BY THIS AUTHOR
- 4/8/2020
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. - 4/8/2020
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. - 4/8/2020
Study: Grocery spending remains high, but purchases shift
The “extreme buying” peak of the COVID-19 pandemic has fallen, but the average household grocery spend remains at elevated levels. - 4/8/2020
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. - 4/7/2020
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. - 4/7/2020
Ralph Lauren forgoing salary for full year as more companies announce pay cuts
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. - 4/7/2020
Estimated March imports hit five-year low; decline likely to continue
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. - 4/7/2020
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. - 4/7/2020
Nordstrom: Financial situation could become ‘distressed’ if stores remain dark
Nordstrom Inc. gave an update on the impact of COVID-19 in a securities filing on Wednesday. - 4/7/2020
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McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy. - 4/7/2020
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. - 4/7/2020
Panera Bread is now selling groceries
Panera Bread has entered the grocery business — sort of.
