A drive-in theater is installed in the parking lot of Brookfield’s Park Meadows shopping center in Lone Tree, Colorado, just outside of Denver. Source: Kilburn Parking lots, of all places, are becoming major sources of income for some mall owners during the coronavirus pandemic. Brookfield Properties has signed an agreement …
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Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in purchasing patterns in Florida, Texas and other states where coronavirus cases are on the rise. At CNBC’s “Closing Bell”, Saks Fifth Avenue President Marc Metrick said shoppers still go to stores to buy bags, shoes and other items. …
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A person examines Macy’s Inc. department store near Union Square in San Francisco, California, USA. USA, Thursday June 18, 2020. Michael Short | Bloomberg | fake pictures Macy’s announced Thursday that it is laying off 3,900 corporate jobs, or 3% of its total workforce, in a move to cut costs …
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A ThredUp warehouse. Source: ThredUp Despite the coronavirus pandemic that is affecting much of the retail industry and holding back clothing sales, the second-hand clothing market is expected to increase, according to an online resale market. The second-hand clothing market is worth around $ 28 billion today and is forecast …
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