News

Holiday sales to rise 1.0% to 2.6% but over a longer period than in years past
The traditional November to December holiday shopping season is meaningless this year — and perhaps forever.
Oracle, Walmart receive tentative U.S. approval for TikTok deal
Walmart is bringing its omnichannel retail capabilities to TikTok.

Walmart adds twist to membership program to help shoppers revisit missed moments

Walmart’s new membership program is looking to “plus up” some of the birthdays, vacations, and other special events canceled due to COVID-19.
Leading U.S. economic index edges down in August

The economic recovery may be starting to lose steam.
Target partners with local GC to rebuild damaged Minneapolis store in record time

Target Corp. isn’t wasting any time rebuilding its Lake Street store (in Minneapolis) that was heavily damaged in the riots following the death of George Floyd.
Emerging from the pandemic, PREIT signs new tenants at six malls

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.
CSA Exclusive: Thanksgiving store closures create e-commerce opportunity

An increasing number of big-name retailers are shuttering stores on Thanksgiving Day, but that doesn’t necessarily mean they will be losing sales.
Ann Taylor parent sells Catherines for $40.8 million

Ascena Retail Group Inc., whose banners include Ann Taylor, Loft and Lane Bryant, is selling its plus-size Catherines brand for more than double what it was originally offered.
U.S. readies TikTok ban, status of Oracle-Walmart deal uncertain

The saga of whether TikTok will remain operational in the U.S. continues with the Trump administration announcing a Sept. 20 shutdown.
NRF: Halloween spending to dip as many opt out of celebrations

The COVID-19 pandemic is putting a crimp in Americans’ Halloween plans.