Five Below reopened 100-plus locations this weekFive Below has started reopening its stores, with more to come. Newmark execs take pay cutsAs stores remain closed and rents go unpaid, top executives at the real estate companies that run malls and shopping centers continue to take pay cuts. Ikea furloughs U.S. employees as stores remain closed Ikea has joined many other U.S. retailers in furloughing its hourly employees. Mall stocks rise on first day of trading this week The stocks of leading REITs including PREIT, Macerich, Tanger, and Simon all rose when the market opened on Monday. How could that be? Starbucks same-store sales fall 10% amid COVID-19 pandemic Starbucks Corp.’s second-quarter sales took a hit as the COVID-19 outbreak affected sales in its two most important markets, the U.S. and China. Chico’s is first national apparel retailer to set reopening date Chico’s FAS will begin a three-part store reopening plan on May 4. But it won’t be business as usual. High Times magazine to open cannabis retail stores via an acquisition A magazine that has been calling for the legalization of marijuana for nearly 50 years is jumping into the retail business in a big way. Havertys reopening its stores; slashes headcount Havertys is planning to resume operations within a week and reduce its workforce. Big Lots’ April comp sales positive; doing employee health screenings via app Big Lots Inc. said it continues to exceed its sales expectations as its stores remain open during the COVID-19 pandemic. Starbucks targets China for technology investments A coffee giant plans to substantially increase its investment in retail technology in its second-largest growth market. First Previous 451 452 453 454 455 Next Last
