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January 24, 2021

retail

Article

Retail’s online future grows brighter after pandemic bump

January 8, 2021 Damian J. Troise, Associated Press

Online shopping has been a lifeline for many as the virus pandemic shuttered stores and kept people at home. The COVID-19 pandemic has accelerated the change in how people shop in a world growing more […]

Business

Nordstrom’s 2Q sales down 53% hurt by pandemic fallout

August 27, 2020 Anne D'Innocenzio, Associated Press

NEW YORK — Nordstrom Inc. on Tuesday reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close […]

News

Owners of 2 shopping centers plan to file for bankruptcy

August 20, 2020 The Associated Press

WINSTON-SALEM — The owner and operator of two North Carolina shopping centers has announced plans to file for Chapter 11 bankruptcy protection on Oct. 1 with a restructuring deal already in place with most of […]

Business

US retail sales regain pre-virus level but slowdown possible

August 14, 2020 The Associated Press

WASHINGTON, D.C. — Americans increased their retail purchases by 1.2% in July, with solid gains in appliances and clothing helping restore sales to their level before the viral pandemic erupted in March. Sales at retail […]

Article

Stein Mart files for bankruptcy; to close nearly 300 stores

August 13, 2020 Tamara Lush, Associated Press

ST. PETERSBURG, Fla. — National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it will close most, if not all, of its 280 stores. […]

Business

Retail rout gains pace, Lord & Taylor seeks bankruptcy

August 3, 2020 The Associated Press

NEW YORK — Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in […]

Article

Walgreens CEO Pessina to step down, become executive chair

July 27, 2020 The Associated Press

Walgreens’ Stefano Pessina will step down as CEO and become executive chairman once the drugstore chain finds a replacement for him. The current executive chairman, former McDonald’s CEO Jim Skinner, will remain on the board […]

Business

Sizing up: As pandemic surges, so do waistlines

July 20, 2020 Anne D'Innocenzio, Associated Press

NEW YORK — When Allison Weiss Brady and Michael Ladin emerged from weeks of locking down during the pandemic, they needed new clothes in new sizes — for different reasons. Brady, 49, a charity fundraiser […]

Business

Famed clothier Brooks Brothers files for bankruptcy

July 8, 2020 The Associated Press

NEW YORK — The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection. The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays […]

Business

Microsoft to permanently close all physical stores

June 27, 2020 The Associated Press

NEW YORK — Microsoft said Friday it is permanently closing nearly all of its physical stores around the world. Like other retailers, the software and computing giant had to temporarily close all of its stores […]

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