Department store chain Lord & Taylor is closing two dozen stores for good, as it continues to seek a buyer to restructure under Chapter 11 bankruptcy protection and keep its business alive. Deals will be up to 40% short, the company said Thursday morning, as it released a full list …
Read More »Taco Bell unveils new design with more drive-thrus as pandemic permanently shifts how we order
A preview of Taco Bell’s Go Mobile restaurant design Source: Taco Bell Taco Bell unveiled its latest restaurant design on Thursday, intended to encourage customers to pre-order their nachos and burritos and keep drive-thru lines short, as the coronavirus pandemic leaves lasting marks on consumer behavior. The pandemic has prompted …
Read More »China offers glimpses into retail business post-coronavirus, Bain report says
The headquarters of Alibaba Group Holdings Ltd. will be lit at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, November 10, 2019. Qilai Shen | Bloomberg | Getty Images The post-coronavirus retail industry will benefit greatly from the online shopping trends …
Read More »Victoria’s Secret Parent L Brands (LB) reports Q2 2020 revenue
A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12, 2020 in New York City. John Lamparski | Getty Images Victoria’s Secret owner L Brands posted a surprise profit and better-than-expected turnover in the last quarter, sending its shares higher in the aftermarket …
Read More »How USPS delays affect Amazon, Etsy and eBay
A US postal worker delivers Amazon boxes outside the New York Stock Exchange (NYSE) on October 11, 2018 in New York City. Spencer Platt | Getty Images In early July, business owner Zach Williams searched for 200 parcels lost in the U.S. Postal Service hub for distribution from Detroit. Normally …
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