Amazon Q1 sales up 26%; to spend entire Q2 operating profit on COVID-expensesAmazon dropped a bombshell with its first-quarter earnings report. Parent company of Coach Q3 sales fall 20%; details store reopening strategyTapestry reported that sales fell nearly 20% during its third-quarter as 90% of its global stores were either closed or open with reduced hours amid the COVID-19 pandemic. Done Deal: Boston Market sold Boston Market has a new owner. 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. 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? 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. NPD: Americans bought a lot of TVs last week Americans are spending big on technology 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. L Brands fires back at Sycamore over Victoria’s Secret; case could set precedent The owner of Victoria’s Secret accused Sycamore Partners of “buyer’s remorse” in trying to back out of a deal to buy a majority stake in the struggling lingerie retailer. Analysis: Most ‘prudent’ way forward is for Penney to file for bankruptcy News that J.C. Penney is in advanced talks with lenders about its bankruptcy options comes as no surprise. First Previous 351 352 353 354 355 Next Last
