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November 29, 2020

Shopping malls

Black Friday traffic in stores craters 52% during pandemic as e-commerce sales explode

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CNBC – For more and to sign up click here 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......

Holiday gift-givers want their money to matter. Companies, large and small, are taking notice.

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CNBC – For more and to sign up click here 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......

Thanksgiving Day online sales hit record $5.1 billion, up 21.5% from last year, Adobe says

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CNBC – For more and to sign up click here Some shoppers may be avoiding stores during the coronavirus pandemic, but they’re still putting many items in the virtual shopping cart. Thanksgiving Day spending rose by 21.5% year over year to $5.1 billion, hitting a new record, according to Adobe......

The athleisure market is heating up as consumers flock to ‘comfort in uncomfortable times’

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CNBC – For more and to sign up click here 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......

Gap earnings fall short, sales beat, as retailer ‘remains optimistic’ about the holidays

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CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares fell Tuesday after the company reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old......

Abercrombie & Fitch CEO says it has a playbook to deal with closures as Covid threatens to shutter stores

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CNBC – For more and to sign up click here Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19......

Retail trade group sees holiday sales up 3.6% to 5.2%, posting ‘strong finish’ to 2020 in spite of pandemic

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CNBC – For more and to sign up click here Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish......

Black Friday is almost here. And shoppers are more anxious than ever.

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CNBC – For more and to sign up click here 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......

Retailers from Target to Kohl’s make big bets in beauty as department stores reel

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CNBC – For more and to sign up click here Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow......

Macy’s same-store sales fall 20%, as department stores fall out of favor with shoppers during the pandemic

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CNBC – For more and to sign up click here 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,......

Lowe’s shares tumble as earnings fall short despite robust sales gains

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CNBC – For more and to sign up click here 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......

Global luxury sales are on track for a record decline in 2020. But business is booming in China.

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CNBC – For more and to sign up click here A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China......

Kohl’s sales fall 13% as shoppers shift spending away from apparel

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CNBC – For more and to sign up click here 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 work clothes, shoes and makeup. Still, CEO Michelle Gass said the results exceeded Kohl’s internal......

Mall owners Simon and Taubman revise merger terms, with $800 million price cut

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CNBC – For more and to sign up click here Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Luxury mall owner Taubman Centers has agreed to a......

Walmart resumes counting customers in stores and grocers reinstate limits on toilet paper as coronavirus cases surge

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CNBC – For more and to sign up click here 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......

Simon Property CEO says mall owners treated ‘unfairly,’ as El Paso location shut with Covid cases on the rise

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CNBC – For more and to sign up click here Simon Property CEO says malls being treated ‘unfairly’ amid pandemic Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

America’s iconic retailers fight for survival as pandemic rages on

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CNBC – For more and to sign up click here America’s iconic retailers fight for survival as pandemic rages on Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Peloton says recent spike in Covid-19 cases, lockdowns are boosting sales

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CNBC – For more and to sign up click here Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton is......

It won’t be a year without a Santa Claus, as malls turn to portable igloos and virtual visits to save the holiday tradition

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CNBC – For more and to sign up click here Mall Santas to use igloos and virtual visits, as Covid cases surge Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Gap sparks outrage over posting half-blue, half-red hoodie amid heated election

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CNBC – For more and to sign up click here Gap slammed for posting half-blue, half-red hoodie amid heated election Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

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