Retail sales in the United States increased more than expected in June, but the budding economic recovery is threatened by a resurgence of new Covid-19 infections and high unemployment. The Commerce Department said Thursday that retail sales increased 7.5% last month. That was above the 18.2% jump in May, which …
Read More »Chipotle pledges to hire 10,000 workers as dining rooms reopen
Customers wait outside a Chipotle restaurant as they wait to enter to order while Florida continues its Phase 1 state reopening during the Coronavirus Pandemic (COVID-19) on May 19, 2020, in Aventura, FL. Icon Sportswire | fake pictures Chipotle Mexican Grill is committed to hiring 10,000 workers in the coming …
Read More »JC Penney Gets More Time From Lenders In Search Of Survival
An empty parking lot is seen outside a closed JC Penney Co. store on Mt. Juliet, Tennessee, Thursday, April 16, 2020. Luke Sharrett | Bloomberg | fake pictures JC Penney will fire nearly 1,000 employees as he works out a plan with his lenders to emerge from bankruptcy. The struggling …
Read More »Back-to-school spending could hit record during pandemic: NRF
Customers buy back-to-school supplies at a Target Corp. store in Colma, California. David Paul Morris | Bloomberg | fake pictures Parents may not yet know if their children will be sitting in a classroom or at the dining room table when classes resume later this year. But after many schools …
Read More »Brookfield, other US mall owners rent parking lots during a pandemic
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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