CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties US shopping center CBL & Associates announced on Wednesday that it has entered into a restructuring support agreement with its debtors – marking a bid to increase its balance sheet as its malls are hammered by the Covid-19 crisis. The Chattanooga, Tennessee-based …
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Target CEO Brian Cornell said he would like to see Congress hit a stimulus action, but he credited closed cinemas and canceled summer vacations for the retailer’s quarters during the coronavirus pandemic. The lockdowns in the U.S. that forced consumers inside also sent them to their store and website to …
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Buyers wearing protective masks are waiting in line on Wednesday, May 20, 2020 at a Lowe’s Cos. Store in San Bruno, California, USA. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday blew past Wall Street forecasts with a 30% increase in revenue and a 68.7% jump in …
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Target on Wednesday blew up any forecast on Wall Street for its fiscal second quarter as it drew millions of new customers online, setting a record for sales from the same store that boosted profits by a staggering 80.3% to $ 1.7 billion. Sales online and to stores that have …
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A man walks outside a Walmart in China. Tomohiro Ohsumi | Bloomberg | Getty Images Walmart’s online shopping strategy pays off in China, probably one of the most developed e-commerce markets in the world. The giant discount trade reported on Tuesday that net sales of e-commerce in China grew 104% …
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