With hundreds of thousands of stores closed nationwide, the coronavirus pandemic is accelerating dramatic changes across the retail industry that had been underway well before […]
Tag: Retail
Stocks soar on retail comeback and ‘breakthrough’ coronavirus treatment
Wall Street rallied again on Tuesday, after positive retail sales data boosted confidence in a swifter economic recovery, and a drug trial showed “breakthrough” results […]
From touchless payments to ‘quarantined’ returns, the retail experience may be forever changed
Eager shoppers will soon be able to browse their local retail stores as states continue to roll back stay-at-home orders. But instead of testing a […]
JCPenney files for bankruptcy as the coronavirus hammers retail
The long struggling department store JCPenney filed for bankruptcy on Friday, becoming the third major retailer following J.Crew and Neiman Marcus to restructure its debt […]
Which major retail companies have filed for bankruptcy since the coronavirus pandemic hit? Here’s the list.
From iconic department stores to entertainment giants, the coronavirus has seemingly spared no one in its devastation of the U.S. economy. With bankruptcy currently hovering […]
Dow falls by 600 points on brutal retail sales report and bank earnings
The Dow Jones Industrial Average fell by more than 600 points Wednesday, after a brutal monthly retail report and more ugly quarterly earnings reports from […]