Tailored Brands expects to close up to 500 stores “over time” and reduce its corporate workforce as a result of business disruptions from the COVID-19 pandemic.
Retailers experienced increased online and e-commerce fraud volumes and monetary losses correlating to a mass shift to online and mobile transactions during the COVID-19 pandemic.
Nearly half (46%) of U.K. shoppers think that COVID-19-influenced safety measures put in place by supermarkets and retail stores have been inadequate and poorly managed.
CBL Properties, the owner and operator of more than 100 enclosed malls that built its first mall in Texas in 1979, is reported to be preparing a Chapter 11 filing.
Walmart Canada will renovate more than 150 stores during the next three years – or over one-third of its store network — as part of a major investment that will touch every aspect of its business.
