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Tag: continue

Macy’s, Neiman Marcus look to resume exec payments as department store woes continue

Dive Brief: Macy’s has resumed its equity bonuses for top executives after a protracted closure period, emergency financial measures and recently announced corporate staff layoffs. The awards going to more than a dozen executives were worth millions, including more than $3.6 million in company stock to CEO Jeff Gennette at the time of the award. Macy’s …

Macy’s, Neiman Marcus look to resume exec payments as department store woes continueRead More

Halfords predicts bicycle boom to continue for 2020 | Business

Halfords expects strong demand for bikes to continue for the rest of the year after reporting a 57% rise in cycling-related sales during the coronavirus pandemic. A desire to avoid public transport, as well as generally favourable weather conditions and a switch to cycling as a leisure activity during the UK lockdown, not only boosted …

Halfords predicts bicycle boom to continue for 2020 | BusinessRead More

Marriott to expand, continue food delivery biz even after COVID-19

Leading hotel chain Marriott International, which has seen its business plunge over 90 per cent across its 123 properties since the lockdown, will expand and continue its delivery and take-away business even after the pandemic-induced lockdown and social distancing end, as it does not see normalcy turtling back anytime soon. The American group runs 123 …

Marriott to expand, continue food delivery biz even after COVID-19Read More

Amazon resumes services in some cities, delivery delays to continue

E-commerce major Amazon India has resumed services in some cities, including Bengaluru, Noida, Gurugram, Hyderabad, Kolkata, Ahmedabad and Mumbai, but deliveries would continue to be delayed because of movement restrictions and extensive lockdowns. According to a PTI report: Amazon and other e-commerce companies have been facing delays in delivery of orders after the government ordered …

Amazon resumes services in some cities, delivery delays to continueRead More

Amazon resumes services in some cities, delivery delays to continue, Retail News, ET Retail

New Delhi: E-commerce major Amazon India has resumed services in some cities, including Bengaluru, Noida, Gurugram, Hyderabad, Kolkata, Ahmedabad and Mumbai, but deliveries would continue to be delayed because of movement restrictions and extensive lockdowns. Amazon and other e-commerce companies have been facing delays in delivery of orders after the government ordered a 21-day lockdown …

Amazon resumes services in some cities, delivery delays to continue, Retail News, ET RetailRead More

E-comm cos continue to face hurdles in deliveries, Retail News, ET Retail

Bengaluru: Top online retailers Amazon India and Flipkart, e-grocers like Grofers and Bigbasket, business-to-business platform Udaan, food-delivery players like Swiggy and Zomato besides medicine-delivery startup 1mg continued to face disruption in their operations. On the ground across the country, police personnel stopped their delivery executives and shut down warehouses as operations came to a halt. …

E-comm cos continue to face hurdles in deliveries, Retail News, ET RetailRead More

Pier 1 files for Ch. 11 bankruptcy as talks with potential buyers continue

Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than …

Pier 1 files for Ch. 11 bankruptcy as talks with potential buyers continueRead More

Macy’s CEO Jeff Gennette says weak malls ‘continue to decline rapidly’

A Macy’s store at CityPlace in West Palm Beach, Florida. Getty Images Macy’s is getting out of America’s weakest shopping malls. “We see a bifurcation of malls,” Macy’s CEO Jeff Gennette told investors Wednesday during a meeting at the New York Stock Exchange. “The lower-tier malls continue to decline rapidly.” The meeting came a day …

Macy’s CEO Jeff Gennette says weak malls ‘continue to decline rapidly’Read More

Are economic doldrums likely to continue? Experts discuss the data | Business

Andrew Sentance Senior adviser to Cambridge Econometrics and member of the Bank of England’s monetary policy committee (MPC) from 2006-11 The evidence from the real economy over the past month suggests little change to the pattern of stagnation we have seen for most of this year. Both the CBI survey and the official index continue …

Are economic doldrums likely to continue? Experts discuss the data | BusinessRead More

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’

J.C. Penney put a positive spin on another tough quarter and even boosted its full-year profit outlook. The embattled department store chain reported that its net loss narrowed to $93 million, or 29 cents per share, in the quarter ended Nov. 3, from $151 million, or 48 cents a share, in the year-ago period. Excluding …

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’Read More