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Tag: because

Apple will re-close 14 stores in Florida because of rising Covid-19 rates

Customers distance before entering an Apple Store during phase one of reopening after the COVID-19 lockdown in New York City, New York, U.S. June 17, 2020. Brendan McDermid | Reuters Apple will re-close 14 stores in Florida as Covid-19 cases rise in the state, the company said on Thursday. The stores will re-close on Friday. The …

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Fashion retailer H&M weighs tens of thousands of job cuts because of coronavirus

General view of the closed H&M store, at Avenue des Champs Elysees, in the 8th quarter of Paris, as the city imposes emergency measures to combat the Coronavirus COVID-19 outbreak, on March 16, 2020 in Paris, France. Edward Berthelot | Getty Images Fast-fashion retailer H&M said Monday it is weighing laying off tens of thousands …

Fashion retailer H&M weighs tens of thousands of job cuts because of coronavirusRead More

JC Penney yanks earnings outlook because of coronavirus

Shoppers sit outside of a J.C. Penney store at the Westfield Mall in Culver City, California. Martina Albertazzi | Bloomberg | Getty Images J.C. Penney has withdrawn its earnings outlook due to the uncertainty surrounding COVID-19. The department store chain announced Friday morning that it is not providing an updated outlook at this time. Earlier in …

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Kohl’s taps credit, withdraws earnings outlook because of coronavirus

A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s has withdrawn its earnings outlook for the current quarter and fiscal year, as it grapples with the hit it will take from the coronavirus pandemic.  The department store chain will …

Kohl’s taps credit, withdraws earnings outlook because of coronavirusRead More

Macy’s is closing stores nationwide because of coronavirus

Macy’s is closing all of its stores nationwide, effective at the end of business Tuesday through March 31, to try to help curb the spread of COVID-19.  The closures include all Macy’s, Bloomingdale’s, Bluemercury, Macy’s Backstage and other outlet stores, the company said in a press release. Macy’s said it will offer benefits and compensation …

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Retail store closures in the US could explode because of coronavirus

2019 brought with it record store closures in the retail industry in the U.S. 2020 looks like it is about to be a lot worse. With a coronavirus pandemic hitting many consumers across America, spurring them to stock up at the grocery store on essentials before they hole up at home to wait things out, …

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Patagonia is closing all of its stores because of the coronavirus

A Patagonia store in Telluride, Colorado. Robert Alexander | Archive Photos | Getty Images Patagonia is closing all of its stores and its online operations because of the coronavirus.  In a memo posted on its website as of Friday afternoon, the privately held sporting goods retailer said, in part, “the scale of impact is still …

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Morrisons speeds up payments to small suppliers because of coronavirus | Business

Morrisons is to speed up payments to its smallest suppliers to help them with cash flow during the coronavirus outbreak. From next week, suppliers who sell less than £1m of goods a year to the supermarket will receive payments within 48 hours rather than the usual two-week window, benefiting about 3,000 small businesses – more …

Morrisons speeds up payments to small suppliers because of coronavirus | BusinessRead More

Under Armour expects shipping delays, sales hit because of coronavirus

People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images Under Armour joins a growing list of retailers that expect to take a hit because of the deadly coronavirus outbreak in China, calling for shipping delays and obstacles in obtaining certain fabrics for …

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Shoppers are buying less clothing because it’s not as fun as it used to be

A shopper looks at items on sale inside of a JC Penney store in New York. Lucas Jackson | Reuters The apparel market has “hit a ceiling” and is “going into structural decline,” according to a note from Morgan Stanley. The cause of it? Consumers have reached peak happiness with clothing purchases, wrote analyst Geoff …

Shoppers are buying less clothing because it’s not as fun as it used to beRead More