Macy's paid $9M in bonuses to top executives after slashing 3,900 jobs
A month before the coronavirus-related shutdowns started, the retailer said it would close about 125 stores -- roughly one-fifth of all locations -- and cut 2,000 jobs over the next three years.
Coronavirus could be the end of retail fitting rooms
Lauren Simonetti on reopening retail, coronavirus
As coronavirus cases spike, CVS, Target to make coronavirus face coverings mandatory at all locations
CVS and Target already require its store employees to wear face coverings.
Cash crunch at retailers stings suppliers during pandemic
Brands typically give retailers a period of time, such as 30 days, to pay for products they provide on credit. Since the pandemic, some retailers have extended payment terms in an effort to conserve cash. Some others have filed for bankruptcy, such as J.C. Penney Co. and J.Crew Group Inc., while still others continue to pay on time.
1.3M Americans filed for unemployed last week
Initial jobless claims, retail sales
US retail sales jump 7.5% in June, but economy still ails
U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.
Black Friday shopping could look very different this year
With social distancing the norm, it’s hard to imagine shoppers camping out on the sidewalk next to one another this year ahead of Nov. 27. It’s even more difficult to picture stores overflowing with excited shoppers.
Neiman Marcus must justify executive bonuses
A DOJ lawyer says executives must prove they boosted earnings
Zappos sells single shoes and different-sized pairs for first time
Zappos Adaptive launched its new program, the “Single and Different Size Shoe Test,” on Tuesday.
Coronavirus prompts Sony to boost PlayStation 5 production by 50%: Report
Sony has confirmed PlayStation 5 will ship this year in time for the holiday shopping season.
Kroger to require all customers to wear a face mask
Kroger requires face masks
Merchants lost $20.3B to false credit card declines in 2019: Study
Businesses in the U.S. and 3 other countries lost $20.3 billion in 2019 due to false card declines.
Amazon fulfillment center features robots working alongside employees
Amazon plans to open a new Texas fulfillment center where employees will work alongside robots.
JC Penney to close another 152 stores, cuts 1,000 jobs
JC Penney says it will close an additional 152 stores and cut 1,000 jobs as it tries to fight its way out from under bankruptcy protection.
Walmart to require face coverings starting July 20
Walmart requiring face masks
Walmart, Sam's Club make coronavirus masks mandatory
Walmart and Sam's Club shoppers will be required to wear face masks to prevent coronavirus spread.
Mall owners turning parking lots into drive-in theaters during pandemic
Brookfield Properties, Walmart and other businesses are using their parking lots for drive-in theaters and farmers markets.
Best Buy to require customers to wear masks amid virus spike
Best Buy will provide a face covering if a customer doesn’t have one
Kroger’s Home Chef offers Impossible Burger in meal kits
Home Chef -- a subsidiary of Kroger -- announced its partnership with Impossible Foods on Tuesday.
Nike sets Grateful Dead sneaker release date
Digital sales for the company shot up 75 percent in June.