Latest Multi-line retail News

FILE - In this Aug. 15, 2019, file photo shoppers enter the TJ Maxx store in Manchester, N.H. TJX Companies Inc., parent of T.J. Maxx and other discount stores reports financial results on Wednesday, Feb. 26, 2020. (AP Photo/Charles Krupa, File)

Retailers reopening more stores, tourism expanding

May. 21, 2020 7:04 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ RETAIL ROUNDUP: Macy’s warns it could lose more than a $1...

FILE - In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy's department store in Santa Ana, Calif. Macy’s warned Thursday, May 21 that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail operations worldwide. (AP Photo/Chris Carlson)

Pandemic highlights big box stores' ability to pivot

May. 21, 2020 5:05 PM EDT

NEW YORK (AP) — Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic accelerated the company's plans and what was supposed to take months instead took just 48 hours, with Best Buy rolling out curbside pickup at nearly...

FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population.  The Minneapolis company reported Wednesday, May 20 that comparable-store sales, which include online purchases, rose 10.8% for the three-month period that ended May 2.  (AP Photo/Mark Lennihan, File)

Big box rules: Target's online push readied it for pandemic

May. 20, 2020 10:12 AM EDT

NEW YORK (AP) — Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday that comparable-store sales,...

A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the pandemic. (AP Photo/Seth Wenig)

Neiman Marcus becomes 2nd major retailer to seek Chapter 11

May. 7, 2020 4:50 PM EDT

NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy filing by...

Amid concerns of the spread of COVID-19, few shoppers are seen at the Galleria Dallas mall in Dallas, Monday, May 4, 2020. (AP Photo/LM Otero)

What's shopping in a pandemic like? Drive to your local mall

May. 4, 2020 6:20 PM EDT

NEW YORK (AP) — Many Americans are getting their first taste of what pandemic shopping looks like at their local mall. Simon Property Group, the nation’s largest mall operator, reopened several dozen shopping centers across Texas, Georgia and roughly ten other states between Friday and Monday....

In this April 9, 2020, photo, amid concerns of the spread of COVID-19, Dallas ISD police officers Mylon Taylor, left, and Gary Pierre push a car that ran out of gas while waiting in line for the weekly school meal pick up for students in Dallas. The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. (AP Photo/LM Otero)

Crime drops around the world as COVID-19 keeps people inside

Apr. 11, 2020 10:38 AM EDT

CHICAGO (AP) — The coronavirus pandemic that has crippled big-box retailers and mom and pop shops worldwide may be making a dent in illicit business, too. In Chicago, one of America’s most violent cities, drug arrests have plummeted 42% in the weeks since the city shut down, compared with the same...