Stein Mart gets $10M in stimulus aid as it faces steep losses

The discount retailer is searching for capital, and a potential buyer, amid the COVID-19 crisis, which is forcing it to run down its credit line.

By Ben Unglesbee • July 1, 2020

NY governor mandates HVAC upgrade for malls to open

But experts say that, compared to masks and distancing, the filter requirement isn't the best way to prevent the spread of COVID-19.

By Daphne Howland • July 1, 2020

Guitar Center gets some breathing room with $56M debt exchange

The struggling musical instrument retailer cut a deal with bondholders that freed up cash in the short run, but analysts expect more restructuring ahead. 

By Ben Unglesbee • June 30, 2020

Lululemon snaps up at-home workout platform Mirror for $500M

Analysts hailed the move as synergistic for both companies, especially considering the appeal of virtual workouts during the pandemic.

By Daphne Howland • June 30, 2020

Gap, Kanye West announce Yeezy collaboration

The struggling apparel retailer bills it as coming full circle with the designer, who worked at a Gap store as a teenager.

By Daphne Howland • June 29, 2020

Nike anticipates layoffs as it accelerates digital strategy

The job cuts are not related to losses incurred by the pandemic, a company spokesperson said, and savings will be reinvested in the retailer's priorities.

By Cara Salpini • June 29, 2020

Rite Aid looks to buy time on debt as it posts $73M Q1 loss

The drugstore retailer's sales boomed in the first quarter as it remained on the "front lines" of the COVID-19 crisis, but it still failed to turn a profit.

By Ben Unglesbee • June 29, 2020

Microsoft to close its physical stores

The tech giant is investing in its online channels while transitioning to virtual customer services.

By Tatiana Walk-Morris • June 29, 2020

How CBL's journey to the brink lays bare the risks to malls

The REIT skipped an interest payment and signaled it may not survive as the pandemic disrupts rent payments and the entire retail ecosystem. 

By Ben Unglesbee • June 29, 2020

Nike plans up to 200 small-format stores, despite 38% revenue drop

The retailer swung to a $790 million loss in Q4, but executives remained focused on the future, announcing a new phase of its consumer direct strategy.

By Cara Salpini • June 26, 2020

Barnes & Noble will shutter NYC bookstore, downsize headquarters

The bookseller, now under private ownership, says it will return to the Upper East Side in a smaller location, and is already looking for a new site.

By Daphne Howland • June 26, 2020

What's next for bankrupt GNC?

After struggling financially for years, the retailer finally buckled under its debt amid the COVID-19 crisis. Now multiple parties are ready to take over. 

By Ben Unglesbee • June 26, 2020

Story founder Rachel Shechtman to leave Macy's

Is the department store's reinvention over before it even began?

By Daphne Howland • June 26, 2020

Sonos to lay off 12% of workforce

The company is also temporarily cutting executive pay to trim costs while it copes with the economic uncertainty brought on by the pandemic.

By Tatiana Walk-Morris • June 25, 2020

Target will roll out fresh grocery pickup nationwide

Following successful tests, the company will add the service to more than 400 stores by the end of this month and to 1,500 by the holidays.

By Jeff Wells • June 25, 2020

Drugstores got a lift as essential retailers, but what's next?

Analysts say CVS could benefit the most from the sales boosts in recent months as consumers flock to stores for health care and everyday items.

By Daphne Howland • June 25, 2020

Macy's slashes workforce by nearly 4K corporate employees

"We know that we will be a smaller company for the foreseeable future," CEO Jeff Gennette said as the retailer also cut store staff, supply chain and customer support.

By Daphne Howland • June 25, 2020

More Kmart, Sears stores to close

The retailer's stores are quietly closing around the country, as it continues to shrink in an ever-more-difficult retail environment. 

By Ben Unglesbee • June 25, 2020

The Backroom: Tracking retail sales numbers in a pandemic

In this episode, the team discusses how Retail Dive reports monthly sales numbers and what those figures signal about the industry's future.

By Caroline Jansen • June 25, 2020

New Amazon 'counterfeit crimes unit' aims for zero fakes

The e-commerce giant says prevention remains a priority but that its new taskforce will help it pursue civil and criminal measures against "bad actors."

By Daphne Howland • June 24, 2020

GNC files for bankruptcy, could close up to 1,200 stores

After years of distress, the supplement retailer entered Chapter 11 with a forked plan to either sell itself or turn ownership over to lenders.

By Ben Unglesbee • June 24, 2020

Back to school? Maybe

As summer rolls on, the COVID-19 pandemic promises to interfere with one of retail's most important shopping seasons.

By Daphne Howland • June 24, 2020

Walmart closes some locations for 'deep cleaning'

Employee advocates are calling for transparency as positive COVID-19 tests are disclosed among worker ranks, highlighting a challenge for retailers.

By Daphne Howland • Updated June 24, 2020

J.C. Penney announces 13 additional store closures

The plans comes less than a week after the retailer started liquidation sales at 136 locations. 

By Kaarin Moore • June 23, 2020

Ascena to pay out millions to execs amid reports of possible bankruptcy

The apparel retailer had cut executive pay after closing its stores in response to COVID-19. Now it's giving out cash awards to retain its top management. 

By Ben Unglesbee • June 23, 2020