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Retail

My Economy

As sales boom, Black business owner juggles two jobs

by Andie Corban
Sep 17, 2020
The push to support Black-owned businesses has meant exponential growth for Aliya Wanek's clothing line.
Elijah Nouvelage/Getty Images
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COVID-19

Retailers go "conservative"

by Marielle Segarra
Sep 8, 2020
Going into the fall and the holidays, retailers are being cautious about what they buy.
A reopened Urban Outfitters store in Santa Monica, California. Heading into fall, retailers are being cautious about having too much inventory.
Frederic J. Brown/AFP via Getty Images
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Lord & Taylor's final sale: Who will buy all that real estate?

by Marielle Segarra
Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images
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COVID-19

How 3 small businesses are surviving the pandemic

by Sean McHenry
Aug 27, 2020
"Everything is interconnected," said Patty Delgado, CEO of Hija de tu Madre. "I think no business or no industry is totally immune to this."
Patty Delgado, CEO of Hija de tu Madre, at the e-commerce company's warehouse in downtown Los Angeles.
(Courtesy of Delgado)
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COVID-19

What can clothing retailers do with all that excess inventory?

by Marielle Segarra
Aug 24, 2020
With clothing sales way down, there are not a lot of good options.
Joe Raedle/Getty Images
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COVID-19

REI wants to sell its new headquarters before it moves in

by Andy Uhler
Aug 13, 2020
While retail employees need to be in stores, others don't have to work from an office to be productive.
Ben Steele, REI's chief customer officer, at the outfitter's Seattle flagship store in 2015. REI has abandoned plans to move into its new headquarters during the pandemic.
Suzi Pratt/Getty Images for REI
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COVID-19

As big department stores struggle, other mall tenants falter, too

by Erika Beras
Aug 10, 2020
Malls were already having a tough time before COVID-19 with the rise in online shopping. The pandemic accelerated those e-commerce trends.
When malls start to lose retailers, it hurts all of the other tenants still there like movie theaters, restaurants and more.
Al Bello/Getty Images
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COVID-19

Pharmacies are playing a bigger role in local retail during the pandemic

by Erika Beras
Aug 5, 2020
They're more and more becoming one-stop shops for people who want to consolidate shopping trips.
About 23 1/2 million Americans don’t live that close to grocery stores, but most people do live within 5 miles of a Walgreens or CVS.
Kena Betancur/AFP via Getty Images
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COVID-19

The pandemic is shrinking the market for officewear

by Marielle Segarra
Aug 3, 2020
Tailored Brands and Lord & Taylor join list of retail brands that filed for bankruptcy. There is little need for business attire when offices are empty.
A professionally dressed worker walks in London. Fewer people are working in offices, so business apparel remains in closets.
Dan Kitwood/Getty Images
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As COVID-19 cases spike, retail enters a new normal

by Marielle Segarra
Jul 9, 2020
Retailers are coming to terms with the fact that this virus is going to be with us for a long time.
Shoppers at a reopened Texas mall in May. The current surge in coronavirus cases is bringing new woes to retailers.
Mark Felix/AFP via Getty Images
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