Retail

The coronavirus pandemic accelerated a major shift in the retail industry. Traffic to stores evaporated. Online credit-card transactions soared. E-commerce sales in the second quarter rose by 44.5% compared with the same period in 2019 and they now make up 16% of all U.S. retail sales, according to the Commerce Department.

Banana Republic has re-released Ruth Bader Ginsburg's iconic collar necklace, just two weeks after the late Supreme Court justice died at 87.

The criminal complaint notes alleged wire fraud occurred between November 2019 and February 2020 in which Nguyen used his employee access to falsely and fraudulently issue $96,508.13 in refunds to himself and others.

H&M has been fined more than $41 million for allegedly tracking hundreds of employees’ personal lives on a company database.

Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. This year there’s more urgency.

The pop star shared a photo of a pair of Crocs floating in a swimming pool with the caption “Soon” on Thursday.

The Honest Company is said to be seeking a valuation of more than $1 billion.

Clothing giant H&M plans to close hundreds of stores next year as the COVID-19 pandemic drives more shoppers online. 

The largest mall in the United States is opening a dedicated retail space to businesses encumbered by the pandemic and unprecedented civil unrest in the wake of George Floyd’s death.

A key measure of demand for big warehouses soared 51% in the first half of 2020 as the pandemic-driven surge in online sales sent companies scrambling for space to store and deliver goods to locked-down consumers.

Global digital sales this upcoming holiday season will increase by 30% and reach all-time highs as consumers who have been staying away from brick-and-mortar stores because of the coronavirus pandemic increasingly turn to the Internet to make their purchases, Salesforce is predicting. 

Luxury coat company Canada Goose is riding the tailwinds of the pandemic-driven push toward outdoor activities.

The upscale department store’s announcement comes a year after Macy’s and Bloomingdale’s said they will no longer sell fur, although it goes a bit further.

Walmart is redesigning stores to mirror its online shopping experience, encouraging customers to download its app.

Forget the partridge in a pear tree, Sam’s Club just released a much more practical gift for celebrating “The Twelve Days of Christmas.”

The spread was reportedly released just before Neiman Marcus Group disclosed that it expects to emerge from Chapter 11 by the end of September after filing for relief in bankruptcy court in May. 

Two Confederate-themed Halloween costumes are being pulled from the shelves of Party City after a White Virginia woman who adopted two Black children slammed the outfits as racist. 

LVMH announced earlier in September it was backing out of what was expected to be a historic $16.2 billion deal.