Lush has said that it is dealing with a raw materials shortage, but promised eager customers that its products will be restocked shortly.
Rite Aid, Men's Wearhouse, Talbots, and Party City are among those at highest risk of defaulting or filing for bankruptcy protection.
It's been a grim decade for many retailers, and roughly one-quarter of American malls are now expected to close in the next three to five years.
Brands are bailing out failing US policies, from healthcare to infrastructure - and it's only going to get worse.
More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
38 stores in 16 states are slated to close in March, including several locations in California and Texas.
GameStop may be the largest video-game retailer, but it’s a dying one, and it’s been that way for years. The COVID-19 pandemic shot a much-needed jolt of life into GameStop as people sought at-home entertainment. An online forum sent GameStop’s stock price through the roof, shaking up the US financial […]
A Coresight Research report predicts a 14% increase in store closures from 2020 to 2021. The pandemic has taken a huge toll on brick-and-mortar retailers overall. Visit Business Insider’s homepage for more stories. Coresight Research released a report on Thursday estimating that the US may see as many as 10,000 […]
Big “ICYMI” energy in the newsletter today. Look, we get it. There was some other big news this week. But Insider’s retail team always has you covered when it comes to the biggest retail business stories. This week’s edition covers retailers, like CVS, Kroger, and Walgreens, rolling out vaccines. And […]
Macy’s told employees at 45 stores that the locations would close this year, according to CNBC. The closures are part of a plan to close one-fifth of stores by 2023. Overall sales were down in 2020, partially in response to COVID-19 closures. Visit Business Insider’s homepage for more stories. Macy’s […]
The weekend before Christmas is usually a major shopping event. Marketplace Mall in Rochester, NY was eerily empty, and many stores were closed. Thousands of stores have closed this year, and malls were already struggling. Visit Business Insider’s homepage for more stories. The weekend before Christmas, particularly “Super Saturday,” is […]
The mall becomes a symbol of nostalgia in Taylor Swift’s 2020 sister albums, Folklore and Evermore. Lines like “we were like the mall before the internet, it was the one place to be” align shopping centres pre-Amazon with bittersweet memories of failed relationships. Swift – intentionally or not – taps […]
Black Friday sales at Macy’s New York flagship store are an annual tradition, kicking off the holiday shopping season. However, this year the store is nearly empty of shoppers. It serves as a stark symbol of how the coronavirus pandemic has completely changed shopping in 2020. Visit Business Insider’s homepage […]
REI has closed its stores on Black Friday and paid employees for the day off since 2015 in an initiative called “Opt Outside.” But retail employees at the co-op say the paid day off is a “marketing move” that doesn’t match their experience working there the other 364 days of […]
The 2020 presidential election between President Donald Trump and former Vice President Joe Biden has retailers preparing for the worst. Shop windows across major cities have been largely boarded up to protect against violent protests and looting, while shopping districts stand ready to implement defensive measures to counter any violence. […]
Two US mall chains that own a total 130 malls filed for bankruptcy. The locations will remain open for now during financial restructuring. The coronavirus pandemic has been catastrophic for retailers, and malls might not bounce back. Visit Business Insider’s homepage for more stories. The owners of a combined 130 […]
Because of the pandemic, more retailers and shoppers will be going online for holiday shopping this year. Google has released several updates to its Shopping tab to make it easier for merchants to list their products on Google and get discovered by consumers. Business Insider spoke with Google’s President of […]