News

Simon terminates $3.6 billion Taubman takeover; files suit against company
The nation’s largest mall operator has called off its merger agreement with — and filed suit against — a rival, citing fallout from the COVID-19 pandemic.
Survey: Non-essential retailers won’t return to full staff as stores reopen
It won’t be business as usual for non-essential retailers slowly reopening stores — or when it comes to hiring holiday staff.

Former Sephora CEO: Pandemic is making retail do what it should have done years ago

In 2020’s first quarter, Sephora threatened to close the 600 shops it operates inside J.C. Penney stores before coming to an agreement to keep them open.
RTW could close all New York & Co. stores if it files bankruptcy

RTW Retailwinds (formerly known as New York & Co.) is edging closer to filing for bankruptcy.
Post-COVID-19 restaurant comeback varies by state

Restaurant visits are up overall as local COVID-19 restrictions are being lifted, but the nationwide average doesn’t tell the whole story.
Survey: Retail lags in digital supply chain adoption

Retailers recognize the need to integrate more digital automation into their supply chain processes.
Midwest c-store chain targets customers by purchase

Kum & Go (K&G) is directly tying digital media promotions to actual in-store sales.
Chico’s swings to Q1 loss amid COVID-19 crisis; cites ‘strong’ store reopenings

Chico’s FAS’s first-quarter sales fell 45.9% amid closed stores due to COVID-19 during the second half of the period.
3M, Amazon collaborate against e-commerce fraud

Amazon is supporting 3M legal action against Amazon sellers who allegedly sold counterfeit N95 respirators.
Starbucks to transform U.S. store portfolio and close some 400 locations

Starbucks Corp. will transform its U.S. stores — and shutter up to 400 locations — as it focuses on digital integration and convenience to meet “shifting customer behaviors.”