COVID-19 data tool becomes available to help retailers assess store locationsA software company has created a free tool to help retailers assess their store locations during the COVID-19 pandemic. 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. 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. UPS, CVS partner to deliver Rx drugs via drones to big retirement community CVS Health and a subsidiary of UPS are partnering to help seniors at the nation’s largest retirement community during the COVID-19 crisis. Ikea furloughs U.S. employees as stores remain closed Ikea has joined many other U.S. retailers in furloughing its hourly employees. 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. BigCommerce, FedEx in new e-commerce offering for small, mid-sized businesses A major e-commerce platform is partnering with a shipping giant to enhance shipping options for small-to-mid-sized businesses as online demand surges during the COVID-19 pandemic. Simon plans to re-open 49 malls and outlets in May The nation’s biggest mall owner is about to make the nation’s grandest move back into business. 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. 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? CVS ramping up COVID-19 testing to 1,000 sites; Walgreens also expanding sites CVS Health is planning a dramatic expansion of COVID-19 testing in about a month’s time. And it’s not the only company doing so. Havertys reopening its stores; slashes headcount Havertys is planning to resume operations within a week and reduce its workforce. First Previous 615 616 617 618 619 Next Last