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Tag: coronavirus

Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO says

A Dunkin’ worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts. MediaNews Group | Boston Herald | Getty Images When the pandemic hit the U.S., shuttering restaurants large and small around the country, Dunkin’ Brands leaned into …

Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO saysRead More

The future of retail amid Covid-19

People wearing face masks walk past a sale sign on Oxford Street in London, England. NurPhoto The coronavirus pandemic is likely to change how and what consumers buy, forcing the retail industry to quickly innovate in a race that’s likely to squeeze smaller brands. Retailers were already under pressure prior to the pandemic, struggling to …

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Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimatesRead More

Shoppers across the country are retreating again as coronavirus cases surge

An employee wearing a face mask is pictured inside a shop at Westfield Santa Anita mall during the outbreak of the coronavirus disease (COVID-19), in Arcadia, California June 25, 2020. Mario Anzuoni | Reuters Just as shoppers were beginning to inch back to stores, with local economies reopening and malls turning their lights back on, …

Shoppers across the country are retreating again as coronavirus cases surgeRead More

Restaurant chains that received millions in PPP loans during coronavirus crisis

A statue of a horse stands at the entrance to a P.F. Chang’s restaurant in Schaumburg, Illinois. Scott Olson | Getty Images Large restaurant chains once again received millions in loans from the Paycheck Protection Program, according to data released Monday by the Small Business Administration.  Businesses in the accommodation and food services sector received more …

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Here are five charts tracking the U.S. economy amid the coronavirus

Brendan McDermid | Reuters Direction requests Requests for transit directions on Apple Maps are still nowhere near pre-pandemic levels, according to data from the navigation app. However, driving and walking direction requests have surged from their low points during the early stages of the outbreak. Travelers may be more inclined to driving and walking rather …

Here are five charts tracking the U.S. economy amid the coronavirusRead More

Retail Performance Pulse: Coronavirus Fears Prevent a Store Rally in February

Mar 08 2020 Ray Hartjen Guest Contributor The newest Retail Performance Pulse is now available for download, delivering a detailed analysis of brick-and-mortar store performance for the retail month of February 2020. The latest edition of the RetailNext Retail Performance Pulse has been published …

Retail Performance Pulse: Coronavirus Fears Prevent a Store Rally in FebruaryRead More

The 10 most valuable malls in America before the coronavirus pandemic

People are seen walking through Roosevelt Field shopping mall in Garden City, New York. Shannon Stapleton | Reuters Before the coronavirus hit, America’s most valuable malls were driving billions of dollars in sales annually, contributing hundreds of millions of dollars to local tax coffers.  Now, nobody knows what those numbers are going to look like coming …

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Macy’s says regional coronavirus ‘flare-ups’ could hurt sales

A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic.  The retailer warned Wednesday that sales are falling …

Macy’s says regional coronavirus ‘flare-ups’ could hurt salesRead More