A buyout firm is trying to back out of its deal for Victoria’s Secret, citing the coronavirus. The contract’s wording will make that tricky. It’s no wonder the buyout firm …
The nation’s biggest mall owner is about to make the nation’s grandest move back into business. An internal memo from Simon Property Group obtained by CNBC revealed its plan to …
Over-65s spent 94% more on online grocery deliveries than they did this time last year; Online grocery sales now account for 10.2% of total sales vs 7.4% last month; Overall …
Tesco reports that it has delivered one million online grocery orders in a week amid the coronavirus outbreak. Almost 20% of those were reserved for the retailer’s vulnerable customers. “To …
With nearly three-quarters of its store fleet still shuttered, Adidas AG has thrown its resources behind e-commerce in an attempt to bolster its business amid the coronavirus pandemic. And, although …
Saks, Gap and others try deep discounts to move unsold dresses and shoes amid coronavirus, but people aren’t buying.
Despite the easing of coronavirus lockdown measures in the country, Germans are seemingly reluctant to rush back to stores. Speaking to CNBC, the CEO of behavioral science consultancy Innovation Bubble, …
By edict or by choice, Americans sheltering in place have sent e-commerce orders for CPG goods through the roof since the beginning of March. Direct-to-consumer (DTC) brands have been huge …
Leaders across the retail industry are certain about one thing: The longer this crisis goes on, the more challenges and greater impact it will have on retailers of all sizes, …
Dive Brief: Gap Inc. on Thursday disclosed that this month it stopped paying rent,saving about $115 million per month in North America alone, according to a filing with the Securities …