Tag Archives: retail

Google Opens Its First Retail Store In Manhattan

The Verge reports: After years of pop-up experiments, Google is finally dipping its toes in the physical retail waters with its first store, located underneath its offices in the Chelsea neighborhood in New York City. It will primarily feature Google’s own hardware products, including Pixel phones, Nest smarthome gadgets, Fitbits, and assorted other devices. There will also be a selection …

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Mall Operator With 100+ Locations Files For Bankruptcy

Bloomberg News reports: Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic drove away shoppers. The Chapter 11 filing in Houston lets Washington Prime stay in business while it restructures its debts in a deal that it reached with certain creditors, according to …

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Retailers Scramble To Unload Glut Of Hand Sanitizers

The New York Daily News reports: As the pandemic wanes, US retailers are frantically moving to clear excess hand sanitizer. After frantically stocking up on disinfectants last year, consumers have largely stopped buying them, partly because the CDC now says that there is minimal risk of getting COVID-19 by touching surfaces. That’s a big headache for stores that have anti-germ …

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Walmart Drops Face Mask Rules For Fully Vaccinated

CNBC reports: Walmart said Friday that customers who are fully vaccinated against Covid-19 will not need to wear a mask in its stores, unless one is required by state or local laws. In a memo sent to employees, the country’s largest retailer and employer said the change in its mask policy takes effect immediately at Walmart stores and its membership …

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Trader Joe’s Drops Mask Rule For Fully Vaccinated

The Associated Press reports: People who are fully vaccinated against COVID-19 will no longer be required to wear face masks at Trader Joe’s, the grocery store chain announced Friday. Trader Joe’s became the first major retailer to update its guidance to allow vaccinated customers to go unmasked in their stores. The grocery store chain said on its website it encourages …

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Retailers Review Mask Policies Amid New CDC Guidance

Axios reports: Some retailers around the country will keep requiring masks to be worn in stores, despite new coronavirus guidelines from the CDC relaxing the use of masks for fully vaccinated people. Target, Starbucks, Macy’s, Kroger, Publix and Home Depot are among those that are still requiring masks to be worn and have not updated their virus policies. Other retailers …

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Amazon Launches Pay-By-Palm Tech At Whole Foods

The Associated Press reports: Amazon is rolling out pay-by-palm technology at some Whole Foods grocery stores near its headquarters to make paying quicker and more convenient. The technology, called Amazon One, lets shoppers scan the palm of their hand and connect it to a credit card or Amazon account. After the initial set up, which Amazon says takes less than …

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Walmart Says It Will Invest $350B In US Manufacturing

The Washington Post reports: Walmart plans to invest $350 billion in products made, grown or assembled in the United States over the next 10 years, a move it says will help create 750,000 jobs. The world’s largest retailer said Wednesday that it is committing to source a wide range of American-made products, including textiles, plastics, small electrical appliances, food processing, …

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Fry’s Electronics Shutters All Stores Nationwide [VIDEO]

The Associated Press reports: Fry’s Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good. The company, perhaps even more well known for outlandish themes at some of its stores, from Aztec to “Alice’s Adventures in Wonderland,” said Wednesday in an online posting that the COVID-19 pandemic had made it impossible to continue. The …

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DOJ Sues Walmart Over Alleged Role In Opioid Crisis

Via press release from the DOJ: In a civil complaint filed today, the Department of Justice has alleged that Walmart Inc. unlawfully dispensed controlled substances from pharmacies it operated across the country and unlawfully distributed controlled substances to those pharmacies throughout the height of the prescription opioid crisis. The complaint alleges that this unlawful conduct resulted in hundreds of thousands …

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Apple Closes All CA Stores Amid Record COVID Surge

CNBC reports: Apple has temporarily closed all 53 of its retail stores in California after the number of coronavirus cases reached new daily records in its home state this week. A listing of stores on the phone maker’s website reflects the change, which does not affect bordering states Arizona and Nevada. The move shows how a major technology company is …

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Retailers Warn Of Holiday Shipping Crunch: Buy Now

The Associated Press reports: A number of retailers, including J.C. Penney, Lowe’s and Kohl’s, are telling shoppers they need to place their online orders soon or else pay expedited shipping fees if they want to get their packages delivered in time for the holidays. The earlier-than-usual deadlines come as more people turn to online shopping during the pandemic, creating a …

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No Santa This Year At Macy’s Flagship Manhattan Store

The New York Daily News reports: Santa Claus is not coming to town this year. Macy’s announced Thursday that jolly o’ Saint Nick wouldn’t be making the trip to its flagship location in Manhattan this holiday season, thanks to the coronavirus pandemic. The company said it would be impossible to have visitors socially distance, given that over a quarter million …

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Iconic NYC Retailer Century 21 To Shutter All Locations

The New York Daily News reports: Lower Manhattan retail mecca Century 21, after surviving the 9/11 attacks across the street, couldn’t outlast COVID-19. The retail company is closing its flagship location on Cortlandt St. and its 12 other stores after filing for bankruptcy protection in Manhattan, according to a statement released Thursday. The Manhattan location opened 59 years ago, with …

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Hedge Fund Founder Charged In Neiman Bankruptcy

Just in from Justice Department: Audrey Strauss, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that DANIEL KAMENSKY, the founder and manager of New York-based hedge fund Marble Ridge Capital (“Marble Ridge”), was …

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Old Navy To Pay Employees To Serve As Poll Workers

Business Insider reports: With Election Day on the horizon, many companies are giving their employees the day off to vote. But Old Navy is taking a different approach to get employees involved in the democratic process. The retailer announced on Tuesday that it will pay store employees for eight hours who serve as poll workers for the 2020 election. The …

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Payless To Relaunch With Hundreds Of Stores [VIDEO]

USA Today reports: Payless is back in time for the new school year with a new website, a new name and plans for hundreds of bricks-and-mortar stores. After emerging from bankruptcy for the second time in January 2020 and shuttering its remaining U.S. stores in June 2019, the footwear retailer’s new website is live at Payless.com. The company announced in …

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Stein Mart Files For Bankruptcy, Will Close Most Stores

CNBC reports: The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. The Jacksonville, Florida-based company said in a press release that it has already launched a …

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Amazon Eyes Empty Mall Spaces As Fulfillment Centers

The Verge reports: Amazon has had talks with Simon Property Group about converting some of its mall spaces into fulfillment centers. The conversations started before the coronavirus pandemic, and before the latest wave of bankruptcy filings by mall stalwarts like Lord & Taylor, JCPenney, and Nieman Marcus. It’s a bit of an on-the-nose example of how e-commerce is overtaking the …

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Lord & Taylor, Men’s Wearhouse Declare Bankruptcy

CNBC reports: Lord & Taylor, one of America’s oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Banks, filed for bankruptcy as well. Many of the companies that have filed for Chapter 11 in recent weeks were already struggling, but …

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