The Latest
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Photo illustration by Kendall Davis/Retail Dive; photograph by ozgurdonmaz via Getty Images
Tracking retail's response to the coronavirus
Rent-A-Center remains open, though it's limiting the number of customers allowed in stores, while Express and Lululemon extended store closures.
UPDATED: March 27, 2020 at 11:48 a.m. -
Retrieved from McDonald's Brazil on March 27, 2020
ColumnRetail Therapy: McDonald's promotes social distancing
The fast-food chain in Brazil separated its iconic golden arches as a reminder for everyone to keep a safe distance during this time.
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Daphne Howland/Retail Dive
Macy's 'Polaris' on pause
CEO Jeff Gennette will forgo his salary as the department store, at least for now, walks back its turnaround ambitions amid the COVID-19 pandemic.
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Designer Brands furloughs over 80% of employees
The footwear and accessories company is turning to e-commerce as remaining staff takes a pay cut.
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Walmart, Sam's Club offer rent relief to in-store tenants
The corporation is also moving to pay suppliers faster as supply chains feel the impact of COVID-19.
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15K stores could permanently close in 2020, Coresight says
As the coronavirus pandemic brings a "sharp shock" to retail and triggers bankruptcies, closures this year could explode past the record set in 2019.
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The apparel industry had an inventory problem before coronavirus. What now?
Universal recommendations are hard to come by for "nonessential" retailers and wholesalers. But some trends are starting to surface.
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B8ta announces corporate layoffs and store associate furloughs
The company is the latest to feel workforce fallout due to the COVID-19 pandemic.
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Jeff Wells
Target pivots from planned investments to deal with 'unprecedented' sales surge
Consumers stocking up amid the COVID-19 pandemic have pushed comparable sales for food and essentials up 50% at the retailer.
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Daphne Howland/Retail Dive
How retailers stay afloat during unprecedented mass closures
Around 100 retailers have closed stores as the country fights a pandemic. Now plans are going out the window and profits are taking a back seat.
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Shopping platform Streetify offers free digital storefronts amid coronavirus outbreak
The virtual commerce platform will be free for one year for retailers in the U.S. trying to find ways to deal with the spread of COVID-19.
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Nike
Nike sees China as a 'playbook' to tackling COVID-19 in the US
The retailer reopened its first store in Wuhan, China, last week, and said it will reopen stores in North America on a location-by-location basis.
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Daphne Howland/Retail Dive
How small retailers are coping with the pandemic
Local stores are closing, without the financial cushions enjoyed by their larger rivals, and face even more unknowns in a post-COVID-19 future.
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Cara Salpini/Retail Dive
Pier 1 furloughs staff, cuts wages
The program is an attempt to preserve the distressed retailer's liquidity as the COVID-19 outbreak takes a toll on the industry.
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Kaarin Vembar for Retail Dive
Under Armour product chief to step down
Kevin Eskridge, who has been with the company for a decade and took the chief product officer post almost three years ago, leaves Aug. 15.
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Victoria's Secret Pink
E-commerce pulls back amid pandemic precautions
It seems like digital sales should benefit retailers during a global disease outbreak. For many, health and safety concerns extend to those operations too.
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Daphne Howland/Retail Dive
Neiman Marcus mulling bankruptcy filing: Bloomberg Law
In a statement about the report, the upscale department store said it’s "evaluating all courses of action" to preserve its financial strength.
UPDATED: March 24, 2020 at 1 p.m. -
Courtesy of Nike
Nike offers workout app for free as COVID-19 keeps people indoors
The sportswear brand also revamped its messaging to urge people to work out while in isolation.
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Distressed retailers struggled with falling sales for years — and then came coronavirus
With shoppers shunning stores or being barred outright, the entire industry will take a hit. What will happen to the retailers that were already in trouble?
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H&M anticipates 'tens of thousands' of layoffs
The apparel retailer stated that temporary store closures and lower demand has "had significant negative impact on sales so far in March."
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Daphne Howland/Retail Dive
S&P downgrades Kohl's, Nordstrom on coronavirus-induced disruptions
Analysts expect closed stores and a likely recession to especially weigh on department stores. Nordstrom took steps to ease that.
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Retrieved from Ikea on March 20, 2020
ColumnRetail Therapy: Ikea enters the streetwear scene
Designers like Balenciaga have used the retailer's iconic blue shopping bag as inspiration for products. Now, the furniture brand is selling its own accessories.
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Instacart
Instacart plans to hire 300K additional shoppers
The decision will double the company's number of gig workers over the next three months to meet ongoing demand during the pandemic.
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GNC downgraded after saying it probably can't pay its debt
S&P analysts said that the coronavirus pandemic, economic downturn and squeezed credit markets are weighing on the supplement retailer.
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Jeff Wells/Retail Dive
Retailers brace for the impact of coronavirus
While consumers' appetite for discretionary shopping has decreased substantially, mass merchants and grocery stores grapple with new demands.
