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Tag Archives: Shopping malls

The 10 biggest retail bankruptcies of 2020

The 10 biggest retail bankruptcies of 2020

Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put …

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Americans head to malls as Christmas approaches

Americans head to malls as Christmas approaches

A woman wearing a mask carries shopping bags through the snow near Bryant Park on December 17, 2020 in New York City. New York City received 6 to 8 inches of snow in an overnight storm that resulted in local power outages and transportation delays during the first North Eastern …

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Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat

Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat

A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in …

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Dick’s Sporting Goods picks Instacart for same-day delivery

Dick's Sporting Goods picks Instacart for same-day delivery

Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …

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150 million people to shop Saturday before Christmas

150 million people to shop Saturday before Christmas

People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …

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Coronavirus is reshaping retail stores for good

Coronavirus is reshaping retail stores for good

The retail industry, buffeted by the devastating impacts of the Covid pandemic, is being forced to redefine the role of the of the brick-and-mortar store. The fallout felt around the world from the global health crisis has accelerated several trends: People flocked to the web at unprecedented levels to order …

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Lululemon (LULU) reports Q3 2020 earnings, sales beat estimates

Lululemon (LULU) reports Q3 2020 earnings, sales beat estimates

Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, …

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Why these 7 U.S. mall owners, including Simon, are in trouble: S&P

Why these 7 U.S. mall owners, including Simon, are in trouble: S&P

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties With winter looming, America’s mall owners face troubling days ahead in the global health crisis, according to a new report from S&P Global Market Intelligence. As the Covid pandemic worsens, and cases and hospitalizations keep climbing to new records in the U.S., …

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Time to test the limits of e-commerce

Time to test the limits of e-commerce

An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …

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Under Armour launches a brand with NBA star Steph Curry

Under Armour launches a brand with NBA star Steph Curry

The Curry Brand’s performance basketball footwear will launch globally on Dec. 11, in the thick of the holiday season. Source: Under Armour Under Armour announced Monday the launch of the Curry Brand with NBA star Stephen Curry, a long-time Under Armour athlete, in a bid to reach younger consumers and …

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Black Friday traffic in stores craters 52% during pandemic

Black Friday traffic in stores craters 52% during pandemic

Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. SOPA Images | LightRocket | Getty Images Traffic at stores on Black Friday fell by 52.1% compared with last year, as Americans …

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Holiday gift-givers want their money to matter

Holiday gift-givers want their money to matter

Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Holiday shoppers are not only …

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Black Friday 2020 traffic looks bleak at stores, malls

Black Friday 2020 traffic looks bleak at stores, malls

Hardly any lines. Empty parking lots. More employees than customers in stores. These are just some of the scenes playing out across the United States the morning of Black Friday 2020, a shopping holiday that in the past has drawn hoards of people to stores to score doorbuster deals before …

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The athleisure market heats up as shoppers want comfort

The athleisure market heats up as shoppers want comfort

The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of athletic gear paired with other comfy clothes front and center. …

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Neiman Marcus has Santa delivering curbside

Neiman Marcus has Santa delivering curbside

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the initiatives …

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L Brands names a new chief to lead Victoria’s Secret

L Brands names a new chief to lead Victoria's Secret

A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images L Brands announced Wednesday a new head of its Victoria’s Secret lingerie business, as it works to revive the brand. Effective immediately, the …

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Black Friday is almost here. And shoppers are anxious.

Black Friday is almost here. And shoppers are anxious.

A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety about shopping in stores and enclosed malls is only escalating, …

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Macy’s (M) reports Q3 2020 loss, sales decline

Macy's (M) reports Q3 2020 loss, sales decline

People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home, New York City is seeing a large exodus of chain …

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Lowe’s (LOW) reports Q3 2020 earnings miss

Lowe's (LOW) reports Q3 2020 earnings miss

A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by higher labor costs and investments in its e-commerce business. Its …

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Retailers try to make returning online purchases easier

Retailers try to make returning online purchases easier

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images First comes¬†the holiday season, then the flood of returns. With e-commerce sales exploding during the coronavirus pandemic, retailers may see more returns than ever before. After all, shoppers do not …

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Kohl’s (KSS) reports Q3 2020 earnings beat

Kohl's (KSS) reports Q3 2020 earnings beat

A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s on Tuesday reported a 13.3% decline in quarterly net sales, as the coronavirus pandemic limited the number of people visiting its stores to buy …

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Walmart resumes metering customers in its stores

Walmart resumes metering customers in its stores

Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales for the same period as the effects of the coronavirus helped to boost …

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Americans would spend more on holidays with $1,200 stimulus

Americans would spend more on holidays with $1,200 stimulus

A shopper is aided by an employee at a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters A fresh round of stimulus checks in Americans’ bank accounts before the end of the year could provide a welcomed boost to retailers this holiday season, according …

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Beyonce and Peloton in multiyear content deal

Beyonce and Peloton in multiyear content deal

Beyonce Brooks Kraft | Getty Images Peloton announced Tuesday a multiyear partnership with singer-songwriter Beyonce to produce exclusive content with her music for its streamed workout classes. The exercise company did not disclose the financial terms of the deal. “Beyonce and Peloton worked closely to create a series of themed …

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