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August 10, 2020
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CBS US News

Looters ransack stores in Chicago shopping district after police shooting

CBS News
CBS News – For more and to sign up click here In Chicago, the upscale shopping district known as the Magnificent Mile was attacked by looters overnight. People knocked out store windows and carried out merchandise. Some of them clashed with police, and there are reports of shots fired. The......
CNBC Business

Amazon reportedly discussing using former J.C. Penney and Sears stores as fulfillment centers

CNBC
CNBC – For more and to sign up click here A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Amazon is in discussions with mall-owner Simon Property Group about using some closed J.C. Penney and Sears......
CNBC Business

Trump administration wants to see ‘untrusted’ Chinese apps like TikTok and WeChat removed from U.S. app stores, Pompeo says

CNBC
CNBC – For more and to sign up click here Pompeo: ‘untrusted’ Chinese apps should be removed from U.S. stores SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CBS US News

McDonald’s, Target and Gap brand stores now require customers to wear masks

CBS News
CBS News – For more and to sign up click here A growing number of major chains have issued policies requiring employees and customers to wear masks. They include McDonald’s, Target and Gap brand stores, whose new policies are going into effect on Saturday.  McDonald’s President and CEO Chris Kempczinski told......
CNBC Business

At Home CEO says retailer could grow to more than 600 stores as sales soar during pandemic

CNBC
CNBC – For more and to sign up click here One home goods retailer has seen its sales soar during the coronavirus pandemic, with consumers flocking to its website and stores for new patio furniture and office accessories. And it has big goals to grow, while many retailers are slimming......
BBC - Business

Burberry and Tencent team up for concept stores

BBC
https://www.bbc.co.uk/news/business-53577074 Image copyright Burberry Burberry has partnered with China’s tech giant Tencent to launch a luxury concept store using social media interactions. The British retailer opened its first “social retail store” on Friday in Shenzhen, China’s technology hub. The companies want to roll the concept out across Burberry’s network in......
Food Business News

COVID-19 pressures pushing Starbucks to rethink its stores

FoodBusinessNews
SEATTLE – Starbucks Corp. is making it easier for customers to stay out of their stores. The company is responding to changing consumer behaviors due to the spread of coronavirus (COVID-19) around the world. Initiatives currently in development include faster drive-thrus, the testing of curbside pickup, and a “blending of......
CNBC Business

Mall owner Simon and Authentic Brands make $305 million bid for bankrupt Brooks Brothers, aiming to keep over 125 stores open

CNBC
CNBC – For more and to sign up click here A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada. Andrew Chin | Getty Images A company known as Sparc LLC, which is comprised of the U.S.......
CNBC Business

Best Buy says its sales are rebounding as stores reopen; shares rise about 4%

CNBC
CNBC – For more and to sign up click here A shopper makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | Getty Images Best Buy said Tuesday that it’s brought back about half of its furloughed employees as sales rebound. The retailer said......
CNBC Business

Men’s Warehouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce

CNBC
CNBC – For more and to sign up click here A Jos. A. Bank store window Source: Getty Images The parent company of Men’s Warehouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic.  Tailored Brands said it......
CNBC Business

Discount grocer Aldi to open more than 70 stores by end of year as part of national expansion

CNBC
CNBC – For more and to sign up click here A sign hangs outside an Aldi grocery store in Chicago, Illinois. Scott Olson | Getty Images Discount grocer Aldi said Tuesday that it will open more than 70 stores by the end of the year, with hopes of attracting new......
CNBC Business

Walmart will require customers to wear masks at its stores

CNBC
CNBC – For more and to sign up click here Joel Porro and Lizz Hernandez wear gloves and protective masks as they put bags in the trunk of their car after shopping at Walmart Supercenter as the coronavirus pandemic continues on Sunday, March 5, 2020 in Miami. David Santiago |......
CNBC Business

TikTok disappears from Hong Kong app stores after new national security law comes into effect

CNBC
CNBC – For more and to sign up click here The Logo of social media app TikTok (also known as Douyin) is displayed on a smartphone on December 14, 2018 in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images TikTok has been pulled from Apple’s App Store and the......
BBC World

John Lewis to close eight stores permanently

BBC
Image copyright Reuters John Lewis has announced it is permanently closing eight of its stores, putting 1,300 workers at risk. The retailer said it had to “secure the business’s long-term future and respond to customers’ shopping needs”. Department stores in Birmingham and Watford will not reopen as the coronavirus lockdown......
CNBC Business

Bed Bath & Beyond to close 200 stores over 2 years as sales fall almost 50% during pandemic

CNBC
CNBC – For more and to sign up click here Bed Bath & Beyond Inc. and Buy Buy Baby Inc. signage is displayed outside of a store in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond said Wednesday its sales tumbled nearly 50% during......
CNBC Business

The vast majority of Apple stores closed due to the Covid-19 pandemic are located in the U.S., Morgan Stanley says

CNBC
CNBC – For more and to sign up click here A staff member checks a customer’s temperature at an Apple Store entrance during phase one of reopening after lockdown from the COVID-19 outbreak in New York City, New York, U.S. June 17, 2020. Brendan McDermid | Reuters The vast majority......
Food Business News

Convenience stores poised to be dominant outlet for baking staples

FoodBusinessNews
KANSAS CITY — Across the US retail landscape, the convenience channel has been the offline channel to watch over the past year. With the country in the throes of the coronavirus (COVID-19) pandemic, the convenience channel is poised to be even more dominant as stay-at-home restrictions are lifted.  Baking staples,......
CNBC Business

Storied apparel brand Brooks Brothers files for bankruptcy, as it seeks a buyer and closes dozens of stores

CNBC
CNBC – For more and to sign up click here The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers  — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for......

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