retail

News4’s Juliana Valencia reports on measures shopping malls are putting in place to keep shoppers safe.

During Walmart’s earnings call this week, CEO Doug McMillon said the big-box retailer has seen different phases of shopping during the coronavirus pandemic. First, he said, customers stockpiled food and household essentials. Later, they sought out items that helped them work, learn and entertain themselves during long days at home.  In the final weeks of April, another trend emerged: Customers were...

U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home

Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.

It was another onslaught of bad news from America’s department store chains this week. And that likely will not be letting up anytime soon.  Luxury chain Neiman Marcus filed for Chapter 11 bankruptcy protection, while Lord & Taylor is reportedly looking to liquidate its stores as soon as they are able to reopen again. Nordstrom said it is permanently closing 16...

Struggling fashion brand J

As some places are slowly starting to reopen, News4’s Cory Smith reports on how malls are planning to reopen in the midst of a pandemic.

Clothing apparel company J. Crew is preparing for a bankruptcy filing that could come as soon as this weekend, people familiar with the matter tell CNBC. Privately held J. Crew is working to secure $400 million in financing to fund operations in bankruptcy, said the people, who requested anonymity because the information is confidential. They cautioned that timing could still…

News4’s Consumer Reporter Susan Hogan tells you how to strategize before going shopping during the coronavirus pandemic.

Retail sales in the United States had a record-breaking fall in the U.S. last month amid the coronavirus pandemic.

At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.

The biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce, CNBC has learned, as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic. The furloughs impact full- and part-time workers, at its Indianapolis headquarters and at its malls and outlet centers across the U.S., a person familiar with the situation...

Across a country where some shelves are empty and patience is thin, authorities are receiving a surge of reports about people trying to cash in on the coronavirus crisis with outrageous prices, phony cures and other scams. An Associated Press survey of attorneys generals in all 50 states found the number of complaints has already exceeded 5,000

Stuck rationing toilet paper because you didn’t stockpile during the coronavirus panic over the last few days? Don’t worry, according to supply chain experts. “All the grocery stores are going to have pallets of toilet paper sitting in the aisles and nobody is going to buy it because who needs to buy toilet paper when you got a year’s worth sitting...

Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out by panic shopping in response to the global viral pandemic

Panic buying has been rife amid the global spread of the new coronavirus, with consumers around the world stockpiling goods like hand sanitizer, canned foods and toilet paper.

Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry shaken by changing consumer tastes.

Victoria’s Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner

Stuck in a sales slump, Macy’s is shrinking to grow. The department store chain announced Tuesday it plans to shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it closes its Cincinnati headquarters and tech offices in San Francisco. Macy’s said it plans to exit weaker shopping malls, and instead shift its focus toward…

Macy’s announced they will be shuttering 125 stores over the next three years, exiting struggling malls and focusing on building smaller stores in strip centers.