Overall product demand during the week ended April 12 has leveled from the mid-March panic shopping peak that accompanied the COVID-19 outbreak, but remains up 13% compared to the prior-year period.
Texas Governor Greg Abbot allowed malls and shopping centers to sell online and deliver purchases curbside beginning last Friday, and several jumped at the chance.
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.