Financial/Banking

Shoe Carnival Inc. has named its next chief executive officer.

Visa and Mastercard’s decision to delay an estimated $1.2 billion increase in credit card interchange fees was cheered by the retail industry, which wants the companies to cancel the planned increase altogether. 

City Place, a 14-acre, big-box center in downtown Long Beach, Calif., that was the site of the Long Beach Plaza Mall appears headed for redevelopment as a mixed-use center.

The COVID-19 pandemic was not the main factor behind all retail bankruptcies last year.

The chief executive of Tailored Brands is leaving after serving five years in the position and seeing the retailer through bankruptcy. 

Plentiful financing offered to retail chains stymied by the COVID-19 pandemic allowed many whose businesses had already been declining to hang on to life in 2020. But 2021 could be their downfall.

L Brands Inc. sees brighter days ahead.

Consumers’ spirits are getting a boost from the anticipation of COVID-19 stimulus checks and the growing number of vaccinations.