Retailers were struggling. Then came the coronavirus
4 years, 9 months ago

Retailers were struggling. Then came the coronavirus

CNN  

New York CNN Business — Thousands of American stores and malls were facing intense pressure. “Many retailers are already stressed and hanging on by a thread.” Although stores are closed temporarily and retailers have pledged to pay their workers in the coming weeks, companies may wind up shutting storefronts for good and laying off employees if the pandemic extends for months. “Mall-based businesses are most at risk, especially those that have no momentum” like Victoria’s Secret or companies that “sell products that don’t translate well online like candles,” Jefferies analyst Randal Konik said in a research note Monday. “Department stores are extremely vulnerable in this environment,” Ken Perkins, president of research firm Retail Metrics, wrote in a note to clients Tuesday. “The group has been struggling for years to find a winning formula and stem the loss of market share to Amazon, TJX, Ross Stores, and others.” Malls also face heightened risks.

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History of this topic

National fashion chain in US to shut down ALL 540 stores in weeks - but will clear stock with 90% off bargains first
8 months ago

National fashion chain in US to shut down ALL 540 stores in weeks - but will clear stock with 90% off bargains first

Daily Mail  

Rue21 - the teen fashion chain that is a fixture in malls across America - is to shut all 543 US stores. Rue21 has filed for Chapter 11 bankruptcy and will close all 543 stores within four to six weeks Rue21 is closing all 543 stores and will clear its stock over the next four to six weeks in clearance …

Retail’s battle with COVID actually saved its stores
3 years ago

Retail’s battle with COVID actually saved its stores

LA Times  

When COVID-19 erupted 21 months ago and upended retailers around the world, it looked like just another chapter in the sad story of an industry’s decline. Retail vs. E-Commerce Since Amazon ignited the online shopping era more than two decades ago, the big question has been how do legacy retailers survive? In China, one of the world’s most sophisticated retail …

Retail footfall one-third lower than pre-Covid level despite shop re-openings
3 years, 8 months ago

Retail footfall one-third lower than pre-Covid level despite shop re-openings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail footfall in April was 240.8 per cent higher …

COVID-19 surges at L.A. County shopping malls as holiday customers pack stores
4 years ago

COVID-19 surges at L.A. County shopping malls as holiday customers pack stores

LA Times  

People walk against the suggested flow of foot traffic for coronavirus precautions at the Citadel Outlets in Commerce on Tuesday. The vast majority of outbreaks reported at shopping malls during the pandemic were reported in the past four weeks, according to a Times analysis of data posted on the county’s website. “It’s totally reasonable for people to then interpret the …

Apple temporarily shuts 53 stores in California as Covid-19 pandemic worsens
4 years ago

Apple temporarily shuts 53 stores in California as Covid-19 pandemic worsens

Live Mint  

Apple Inc. is temporarily closing all of its retail stores across California, as well as those in the greater London area hit by a new lockdown, and other markets that have seen a surge in Covid-19 cases. The Cupertino, California, based company said on its website Saturday that it’s closing all 53 locations across the Golden State, a day after …

'It's Heart-breaking': Britons Mourn Decline of Their High Street as Stores Move Online, Some Shutter Down
4 years ago

'It's Heart-breaking': Britons Mourn Decline of Their High Street as Stores Move Online, Some Shutter Down

News 18  

Browns department store has traded from pride of place on Eastgate Street in the northern English city of Chester since 1791, selling fashion, perfumes and afternoon tea to locals and tourists visiting the historic centre. “I do a vast amount of my shopping online because you don’t have to worry about parking and you can try on things in your …

Coronavirus: Is shopping in stores safe during the pandemic?
4 years, 1 month ago

Coronavirus: Is shopping in stores safe during the pandemic?

India Today  

There are ways to reduce risk, but health experts advise avoiding it when possible. The U.S. Centers for Disease Control and Prevention says holiday shopping in crowded stores is a “higher risk” activity and that people should limit any in-person shopping, including at supermarkets. Instead, the agency recommends shopping online, visiting outdoor markets or using curbside pickup, where workers bring …

H&M to close 250 stores as shoppers move online during pandemic
4 years, 3 months ago

H&M to close 250 stores as shoppers move online during pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy H&M has announced plans to …

I tried my best, but shopping just isn’t enjoyable any more when I know the risk of coronavirus is still here
4 years, 5 months ago

I tried my best, but shopping just isn’t enjoyable any more when I know the risk of coronavirus is still here

The Independent  

Shopping is an activity I usually put on a level with cleaning the bathroom or doing the washing up. That said, because I find myself writing a lot about retail at the moment, I’ve periodically donned a mask and set out to test the temperature of various retail centres in and around London. Naturally I’ve included a couple of places …

Apple re-closes some stores, raising economic concerns
4 years, 6 months ago

Apple re-closes some stores, raising economic concerns

Associated Press  

Apple’s Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? It’s not clear whether other retailers will follow en masse, although one analyst expects hard-hit stores to stay open unless forced to close by local authorities. Because U.S. efforts to contain …

Costco and other stores are relaxing coronavirus safety policies. That’s risky
4 years, 6 months ago

Costco and other stores are relaxing coronavirus safety policies. That’s risky

CNN  

New York CNN Business — Costco is bringing back free food samples. Spencer Platt/Getty Images Meanwhile, a spokesperson at Midwest grocer Hy-Vee said that “as the eight-state region that we serve begins to ‘open’ back up, we are expanding the times we are open and returning to normal store hours at many of our locations.” A spokesperson for Target, which …

Coronavirus pandemic: Primark, Marks & Spencer’s among shops back in business as lockdown eased in England
4 years, 6 months ago

Coronavirus pandemic: Primark, Marks & Spencer’s among shops back in business as lockdown eased in England

Hindustan Times  

After 83 days of coronavirus lockdown, non-essential stores in England reopen their doors on Monday, hoping to get the tills ringing again and start a long road to recovery. The British Retail Consortium reckons the lockdown has cost non-food stores 1.8 billion pounds a week in lost revenues. Fashion chain Primark, which with no online offer has not taken a …

After 86 long days of coronavirus lockdown, get ready for the sales of the century
4 years, 6 months ago

After 86 long days of coronavirus lockdown, get ready for the sales of the century

Daily Mail  

Tomorrow morning, hundreds of branches of high street shops across the country will be throwing open their doors for the first time since the lockdown began in March. At long last, we can start getting back to some kind of normality and wander once again around some of our favourite shops Fashion expert Eliza Scarborough says: ‘We’ve never had this …

Malls and retail stores are reopening. But shoppers may not come back
4 years, 8 months ago

Malls and retail stores are reopening. But shoppers may not come back

CNN  

New York CNN Business — Some malls and retailers are reopening their doors in states easing coronavirus stay-at-home measures. “They are going to stay home and continue worrying about catching the virus.” Malls will look drastically different Despite uncertainty, malls like Governor’s Square and retailers are moving ahead with reopening. Macy's will reopen 68 of its more than 700 stores …

Coronavirus restrictions to ease but not all retailers will be throwing open the doors
4 years, 8 months ago

Coronavirus restrictions to ease but not all retailers will be throwing open the doors

ABC  

While the Queensland Government may have given non-essential shopping the green light, a number of retailers are approaching opening this weekend with caution. "We're really excited to get our stores back up and running, it'd be so lovely to see our customers coming into the store again," she said. "I think the announcement is positive, but I wouldn't expect to …

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?
4 years, 8 months ago

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ocado warned customers they were facing “exceptionally high demand” for delivery slots, while elsewhere …

Evidence of coronavirus' effect on US economy grows more ominous, will shrink 7% in 2020, predict economists
4 years, 8 months ago

Evidence of coronavirus' effect on US economy grows more ominous, will shrink 7% in 2020, predict economists

Firstpost  

Retail sales—a primary driver of the US economy—are almost surely suffering further during April because business shutdowns will have been in effect for the entire month, compared with just half of March Washington: Evidence of the coronavirus’ devastating impact on the US economy has been steadily emerging, and the signs have grown ominous. Retail sales—a primary driver of the US …

Coronavirus sends shoppers back to corner stores, but they're battling big supermarkets for supplies
4 years, 8 months ago

Coronavirus sends shoppers back to corner stores, but they're battling big supermarkets for supplies

ABC  

They are the places local communities are increasingly turning to for their weekly shop, but now many corner stores say the dominance of major supermarket chains is making it difficult for them to serve their customers. Key points: A national survey found shoppers are turning to smaller shops for items they'd usually only buy in supermarkets Some small store owners …

Coronavirus shifts consumer behaviour and helps some businesses boom
4 years, 9 months ago

Coronavirus shifts consumer behaviour and helps some businesses boom

ABC  

Social distancing measures and shutdowns introduced in response to the coronavirus pandemic have forced everyone to rethink their everyday interactions. Key points: Demand for apps like Zoom, Uber Eats and Deliveroo as well as online retail has been booming Large and small businesses are adapting to the new normal, finding ways to deliver their services online Business leaders say they …

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell
4 years, 9 months ago

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell

ABC  

Retail sales rose in February but the devil was in the detail, with the impact of the coronavirus pandemic already evident, and economists warning that a short-term boost from panic buying and stockpiling will not last. Key points: The ABS says retail turnover rose 0.5 per cent in February Supermarket and grocery store sales rose 1.1 per cent and department …

How to minimise your coronavirus risk while shopping at the supermarket
4 years, 9 months ago

How to minimise your coronavirus risk while shopping at the supermarket

ABC  

Going out into the world to buy essentials is one of the few things we're still encouraged to leave the house to do — and a trip to a supermarket to buy food is, for most people, unavoidable. Supermarkets have increased efforts to sanitise everything from trolleys to conveyor belts, but Dr Sheel said the need to wash your hands …

Mecca closes ALL of its stores for a month as the coronavirus pandemic deepen
4 years, 9 months ago

Mecca closes ALL of its stores for a month as the coronavirus pandemic deepen

Daily Mail  

Beauty store Mecca has closed its doors for at least four weeks as coronavirus restrictions wreak havoc on the Australian economy. The makeup brand said the challenges in adhering to the increasingly stringent social distancing measures made it difficult to stay open. Scroll down for video Beauty retailer Mecca has close its doors for at least four weeks as coronavirus …

Myer, Kathmandu and Rip Curl stores to close, laying off thousands of employees
4 years, 9 months ago

Myer, Kathmandu and Rip Curl stores to close, laying off thousands of employees

ABC  

Department store Myer and adventure clothing and equipment chain Kathmandu are the latest retailers to stand down thousands of workers because of the coronavirus pandemic. Key points: Myer stores across the country will be closed until at least April 27 Kathmandu says all its Australian stores including Rip Curl will shut by the close of business on Friday The adventure …

Coronavirus hit almost half of Australian businesses even before social distancing, ABS reveals
4 years, 9 months ago

Coronavirus hit almost half of Australian businesses even before social distancing, ABS reveals

ABC  

Almost half of Australian businesses surveyed by the Australian Bureau of Statistics say they have experienced an adverse impact as a result of COVID-19. The ABS said the adverse impacts were most prevalent in accommodation and food services, with over three-quarters of businesses already reporting impacts and 96 per cent reporting that they expected impacts in coming months. The ABS …

Coronavirus: Laura Ashley announces store closures with 721 staff set to lose jobs
4 years, 9 months ago

Coronavirus: Laura Ashley announces store closures with 721 staff set to lose jobs

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Coronavirus: Amazon delivery delays on many products extend another month
4 years, 9 months ago

Coronavirus: Amazon delivery delays on many products extend another month

Live Mint  

Amazon.com Inc.’s delivery delays of non-essential goods will extend for at least another month for many customers in the U.S. and Europe, stirring panic among online merchants who rely on the web retailer for business. Some Amazon merchants derive 90% or more of their sales on the platform because it dominates online shopping in the U.S. “Amazon is letting me …

Coronavirus: Primark joins retail giants closing high street stores
4 years, 9 months ago

Coronavirus: Primark joins retail giants closing high street stores

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as a host of other high street …

A fresh wave of coronavirus job losses is about to come crashing down
4 years, 9 months ago

A fresh wave of coronavirus job losses is about to come crashing down

CNN  

London CNN Business — A version of this story first appeared in CNN Business’ Before the Bell newsletter. A US government report published Thursday showed that 281,000 Americans filed for their first week of unemployment benefits last week — a sudden 33% jump over the week before and the largest percentage increase since 1992. Capital Economics believes that in the …

Coronavirus: Burberry forecasts sales to plummet as outlets around the world forced to close
4 years, 9 months ago

Coronavirus: Burberry forecasts sales to plummet as outlets around the world forced to close

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Coronavirus: Luxury fashion stores pull down shutters amid ‘unprecedented times’
4 years, 9 months ago

Coronavirus: Luxury fashion stores pull down shutters amid ‘unprecedented times’

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Coronavirus: Supermarkets appeal for public to stop panic buying as shelves emptied across UK
4 years, 9 months ago

Coronavirus: Supermarkets appeal for public to stop panic buying as shelves emptied across UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British food retailers have appealed to the public to stop …

Stores closing because of coronavirus: Nike, Urban Outfitters, Apple and more
4 years, 9 months ago

Stores closing because of coronavirus: Nike, Urban Outfitters, Apple and more

CNN  

New York CNN Business — A growing number of retailers have announced they are temporarily closing stores in an effort to prevent the spread of coronavirus. Powell said that while “some of the closed store sales could be realized in Nike’s wholesale partners and on Nike.com,” Nike will likely “see a negative sales impact from these closures.” But while retailers …

Grocery Stores Start To Cut Hours As Coronavirus Prompts Surge In Panic-Buying
4 years, 9 months ago

Grocery Stores Start To Cut Hours As Coronavirus Prompts Surge In Panic-Buying

NPR  

Grocery Stores Start To Cut Hours As Coronavirus Prompts Surge In Panic-Buying Enlarge this image toggle caption Ben Margot/AP Ben Margot/AP With jittery shoppers flocking to supermarkets to stock up on supplies for the coronavirus outbreak, some of the country's largest grocery chains are announcing measures to enhance sanitation and maintain supplies. With panic-buying gripping shoppers, Walmart, the nation's largest …

Retail sales hurt by bushfire crisis, but no sign of coronavirus yet
4 years, 10 months ago

Retail sales hurt by bushfire crisis, but no sign of coronavirus yet

ABC  

Australia's summer bushfire crisis has led to a rough start to the year for retailers but the coronavirus has shown "no apparent impact" so far, according to the latest official figures. Key points: Bushfires were the main reason for retail sales dropping 0.3pc in January It comes after a weak December, with the ABS revising the result to an even …

Costco says it’s getting a lift from coronavirus panic shopping
4 years, 10 months ago

Costco says it’s getting a lift from coronavirus panic shopping

CNN  

New York CNN Business — Costco logged strong sales growth during its latest quarter, as shoppers raced to stock up on cleaning products, household essentials and food as the coronavirus outbreak spread. The company said Thursday that sales at its stores open for at least one year, a key metric, increased 9.1% during its previous quarter compared with the same …

Outbreak brings challenges, offers future opportunities to retail sector: Survey
4 years, 10 months ago

Outbreak brings challenges, offers future opportunities to retail sector: Survey

China Daily  

A consumer buys vegetables at a grocery store in Zhengzhou, capital of Henan province, on Feb 6. The outbreak of the novel coronavirus epidemic though weighing down China's retail industry, especially brick-and-mortar retailers, also brings new opportunities to the sector, a report by the global measurement and data analytics company Nielsen showed on Thursday. Nielsen compiled research covering key retail …

Coronavirus: Sales of hand sanitiser increase by 255% amid outbreak
4 years, 10 months ago

Coronavirus: Sales of hand sanitiser increase by 255% amid outbreak

The Independent  

Sign up to our free Living Well email for advice on living a happier, healthier and longer life Live your life healthier and happier with our free weekly Living Well newsletter Live your life healthier and happier with our free weekly Living Well newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

Face masks, hand sanitizer and toilet paper: Coronavirus panic shopping hits American stores
4 years, 10 months ago

Face masks, hand sanitizer and toilet paper: Coronavirus panic shopping hits American stores

CNN  

New York CNN Business — Americans across the country are stocking up on hand sanitizer, cleaning wipes, toilet paper and other products to prepare for the spread of coronavirus. “It does feel like there is a little bit of panic buying going on,” said Doug Baker, vice president of industry relations at trade group Food Marketing Institute. “We would expect …

Nike shuts European headquarters for 'cleaning' after coronavirus scare
4 years, 10 months ago

Nike shuts European headquarters for 'cleaning' after coronavirus scare

Dutch News  

Nike’s European headquarters in Hilversum, where some 2,000 people work, has been closed temporarily because of a coronavirus scare, according to Dutch news agency ANP. Meanwhile, in Rotterdam, the Maasstad hospital has closed its doors to all new intensive care admissions after one patient tested positive for the disease, according to the Telegraaf. And four people tested for the virus …

Nike shuts European headquarters for 'cleaning' after coronavirus scare
4 years, 10 months ago

Nike shuts European headquarters for 'cleaning' after coronavirus scare

Dutch News  

Nike’s European headquarters in Hilversum, where some 2,000 people work, has been closed temporarily because of a coronavirus scare, according to Dutch news agency ANP. Meanwhile, in Rotterdam, the Maasstad hospital has closed its doors to all new intensive care admissions after one patient tested positive for the disease, according to the Telegraaf. And four people tested for the virus …

Coronavirus fears prompt shoppers to stock up on essential items, stripping supermarket shelves
4 years, 10 months ago

Coronavirus fears prompt shoppers to stock up on essential items, stripping supermarket shelves

ABC  

Across the country supermarket shelves are being stripped bare as Australians start stocking up on essentials, should a coronavirus pandemic be officially declared. Key points: Items like tinned food, toilet paper and medical supplies are being stockpiled Experts recommend adding long-life and essential items to a "pandemic stash", rather than panic buying Those suffering from medical conditions are recommended to …

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession
4 years, 10 months ago

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession

Firstpost  

The preparations come amid growing fears that the fast-spreading virus which has infected around 83,000 people in more than 50 countries could lead to a global recession Washington/New York: Big US banks have been rolling out contingency plans to respond to the global coronavirus outbreak—requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential …

Coronavirus spread in U.S. is inevitable, CDC warns. It’s ‘a question of when’
4 years, 10 months ago

Coronavirus spread in U.S. is inevitable, CDC warns. It’s ‘a question of when’

LA Times  

The U.S. Centers for Disease Control and Prevention has advised communities to take precautions in the event that the coronavirus spreads — something that officials believe to be inevitable. “It’s not so much a question of if, but a question of when.” Messonnier advised parents to talk to schools about the possibility of internet-based learning in the event that COVID-19 …

Nike, Adidas and Versace: The coronavirus is hitting big consumer and fashion brands
4 years, 11 months ago

Nike, Adidas and Versace: The coronavirus is hitting big consumer and fashion brands

CNN  

London CNN Business — Faced with shuttered stores and empty streets, big consumer brands and fashion houses are getting nervous about the impact of the coronavirus on their businesses. Nike, Adidas and Capri Holdings, which owns Versace, Jimmy Choo and Michael Kors, are among the companies this week that have warned investors that sales could take a hit as the …

Apple to close all China mainland stores till 9 February due the coronavirus outbreak
4 years, 11 months ago

Apple to close all China mainland stores till 9 February due the coronavirus outbreak

Firstpost  

Apple remains heavily reliant on China both for smartphone sales as well as for its supply chain and manufacturing. Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until 9 February as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a …

Apple closes stores, offices in China as Coronavirus spreads
4 years, 11 months ago

Apple closes stores, offices in China as Coronavirus spreads

India Today  

In the wake of the Coronavirus outbreak in China, Apple has closed all its stores, offices and contact centres in the city till February 9. Out of an abundance of caution and based on the latest advice from leading health experts, we’re closing all our corporate offices, stores and contact centres in mainland China through Feb 9. Coming back to …

Apple shuts down all official stores in China over coronavirus outbreak
4 years, 11 months ago

Apple shuts down all official stores in China over coronavirus outbreak

Live Mint  

Apple Inc on Saturday said it has decided to shut down all of its official stores in mainland China until Feb 9., as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago. "Our thoughts are with the people most immediately affected by the coronavirus and with those working around …

Apple temporarily closes all 42 stores in China as coronavirus spreads
4 years, 11 months ago

Apple temporarily closes all 42 stores in China as coronavirus spreads

CNN  

New York CNN — Apple is temporarily closing all of its stores in China because of the coronavirus outbreak. “Out of an abundance of caution and based on the latest advice from leading health experts, we’re closing all our corporate offices, stores and contact centers in mainland China through February 9,” Apple told CNN Business in a statement. Apple CEO …

Why the 'devil' coronavirus has hit European stocks hard
4 years, 11 months ago

Why the 'devil' coronavirus has hit European stocks hard

India Today  

The coronavirus scare has wiped $1.2 trillion from global stock markets in the last two weeks as new cases of the deadly virus multiplied, stoking fears of an economic slowdown spreading from its Chinese epicenter to the rest of the world. The pan-European STOXX 600 index is poised for its biggest weekly loss in four months, while among individual stocks …

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