U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment.
U.S. retail sales pop more-than-expected in June
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Tag Archives: Retail
Wall Street opens lower as coronavirus fears eclipse upbeat retail sales
The Dow Jones Industrial Average fell 123.53 points, or 0.46 percent, at the open to 26,746.57.
Difficulties compound for embattled fashion retailer Quiz
The firm stated it was ‘very grateful to the press for highlighting the alleged breaches’ and was committed to conducting a ‘full review’ of its auditing processes.
CBD skincare 101: what to know and five brands to try for serums, masks, moisturisers and more
Hemp-derived CBD (cannabidiol) may have been trending in the beauty world for a while but now it’s going mainstream with established retailers such as Sephora and Joyce Beauty in Hong Kong starting to stock CBD skincare.The latter recently launched a series of exclusive brands featuring this new power ingredient, which is often confused with its cousins, the […]
These 22 retailers and restaurant chains have filed for bankruptcy or liquidation in 2020
Smith Collection/Gado/Getty Images A number of retailers and restaurant companies have filed for bankruptcy in 2020. Not all bankruptcies result in outright liquidation. Companies can also use bankruptcy as an opportunity to turn things around financially. Visit Business Insider’s homepage for more stories. 2020 has been a hectic year for retail bankrup […]
Shein apologizes for selling ‘hurtful and offensive’ swastika necklace, claims it was ‘Buddhist symbol’
An e-retailer is apologizing yet again after finding itself in hot water for the second time in a week for selling offensive and insensitive items.
Redskins merchandise pulled by Walmart, Target, Dick’s sites: reports
Big-name retailers Walmart and Target appear to have removed Washington Redskins merchandise from their websites as corporate pressure mounts for the NFL team to change its name.
An external lens won’t completely fix your webcam woes, but it has its benefits
Recently, some of the most popular webcams have been difficult to buy at major online retailers as people bought them to help stay in contact while social distancing or working from home during the pandemic. For example, as of this writing, Logitech’s popular C920 HD Pro webcam is sold out on Logitech’s US online store, and its listed price on Amazon US is c […]
Boohoo launches independent review into supply chain after allegations of labour exploitation
Fast fashion retailer commits £10m towards ‘eradicating malpractice’ among suppliers
Lululemon’s Mirror Acquisition Is Next Level Omnichannel Retailing At Its Finest
Lululemon’s acquisition of Mirror checks all four boxes of what makes for great omnichannel retailing.
Surge In Coronavirus Cases Could Short-Circuit Economic Recovery
Restaurants, retail shops, and other service industries are starting to bounce back from the deep recession. But those gains could be jeopardized by a rise in new coronavirus infections.
Eurozone economy leans on domestic demand for revival
Record retail sales rise helps recovery from pandemic but smaller rebound for industry
Sunak considers £500 vouchers for all UK adults to spend in Covid-hit firms
Chancellor urged to introduce a scheme that has jump-started other countries’ blighted hospitality and retail sectorsCoronavirus – latest updatesSee all our coronavirus coverageRadical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury.The propos […]
With Department Stores Disappearing, Malls Could Be Next
Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.
Lucky Brand files for bankruptcy, has offer to sell company
Blue jeans retailer blames its troubles partly on the coronavirus.
Foreaders 