Deloitte: COVID-19 will have major impact on back-to-school shoppingAlthough back-to-school spending is trending flat overall, online retailers should have a good season. Walgreens swings to $1.7 billion quarterly loss; slashes jobs in the U.K.Walgreens Boots Alliance reported a big third-quarter loss as its profits were hurt by plunging sales in its U.K. division and COVID-related expenses, including increases costs for store cleaning. Brooks Brothers files for bankruptcy One of the country’s oldest and most iconic retailers is looking for a buyer. Retail inventory valuations bounced back during re-openings Retail inventory valuations bounced back quickly to surprising health levels quickly in May and June. Levi’s Q2 sales fall 62%; cutting 15% of corporate workforce Levi Strauss & Co. swung to a second-quarter loss as its stores and most wholesale doors were closed for most of the period due to the COVID-19 pandemic. Gap in new B2B business: making masks Gap Inc. is going national with a new business-to-business division selling face masks. U.S. e-commerce to grow 18% in 2020, according to eMarketer Online sales growth is set for another big gain this year, boosted by the COVID-19 pandemic. Sally Beauty sees ‘strong’ demand in reopened stores Sally Beauty Holdings is encouraged by initial results for its fiscal third quarter. Lucky Brand files for bankruptcy with plan to sell itself Lucky Brand Dungarees is hoping that a new owner will help revive its sagging fortunes. Uber acquires Postmates for $2.65 billion The U.S. on-demand food delivery market has seen its second mega-merger in less than a month. First Previous 257 258 259 260 261 Next Last
