News

Shopify helps retailers socially distance
A leading digital commerce platform is running several initiatives aimed at helping retailers adapt to new shopping protocols in the wake of COVID-19.
Kimco puts $800 million cash on its balance sheet to ride out the pandemic
One of North America’s largest publicly traded owners and operators of grocery-anchored centers and mixed-use assets has girded itself against coronavirus by obtaining a $375 million unsecured term loan.

No rent break from Taubman for retailers

Taubman Centers, one of the largest owners of malls in the United States, is demanding rent from tenants even though their properties are shuttered during the coronavirus pandemic.
Sephora keeping majority of U.S. store employees on payroll through late May

Sephora has joined other major retailers in extending its store closures, but it is not following suit in another way.
Children’s Place ‘evaluating options’ on 600 store leases; CEO forgoing pay

The Children's Place Inc. is the latest retailer to furlough employees and take other measures to boost financial flexibility as it extends store closures indefinitely amid the COVID-19 pandemic.
Furniture retailer Article modifies delivery for COVID-19

In response to the COVID-19 pandemic, a specialty furniture retailer is instituting contactless delivery protocols.
Adobe: E-commerce is changing, not just because of COVID-19

Digital shopping and purchasing power were on the rise even before the COVID-19 pandemic began.
Kroger giving another bonus to ‘hero’ employees

The Kroger Company is increasing its efforts to reward employees working on the frontlines during the COVID-19 pandemic.
Survey: 85% of Americans to alter buying habits because of COVID-19

The coronavirus have significant short- and long-term effects on brand affinity and consumer purchases in the U.S.
Home Depot limits in-store customers; halts sales of N95 masks

The Home Depot announced temporary changes to help reduce the spread of COVID-19 along with an update on how it is contributing to front line medical professionals.