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Retail News

  • Target closes 24 stores in Twin Cities as protests continue

    Target has closed 24 of its stores in the Minneapolis/St. Paul area after protests broke out in reaction to the death of George Floyd, an unarmed African-American man, who died while in police custody

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  • UPS adding delivery surcharge as demand spikes

    United Parcel Service will begin adding surcharges on deliveries made from e-commerce companies as the number of packages it handles has risen dramatically since the onset of the novel coronavirus out

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  • Nordstrom’s leader upbeat despite tough quarter

    Nordstrom reported a loss of $521 million in the first quarter as sales dropped 40 percent after the retailer was forced to close stores across the nation. Even so, CEO Erik Nordstrom remains optimist

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  • Dollar Tree CEO wonders how long the COVID-19 sales bump will last

    Gary Philbin, CEO of Dollar Tree, said his company’s namesake chain and Family Dollar benefited from stimulus checks sent to Americans. Mr. Philbin said the checks were like tax refunds “o

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  • Penney asking landlords for rent deals as it reopens stores

    J.C. Penney has asked all its landlords to defer or reduce its rent payments through August as the department store chain goes through the Chapter 11 reorganization process. Penney plans to have aroun

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  • Free samples to return to Costco’s clubs

    Costco is bringing back product sampling to its warehouse clubs. “We’re going to start doing some things in mid-June on a slow rollout basis in sampling,” Costco chief financial officer Rich

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  • Pandemic creates meal kit opportunities for restaurants

    Restaurants closed to sit-down traffic as a result of the coronavirus outbreak have used curbside pickup as one means to soften the blow from lost sales. Another option that is growing in popularity i

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  • Coronavirus puts a crimp in wedding dress sales

    Formal wedding events in Italy and other countries are being canceled due to the coronavirus pandemic and sales of items such as dresses for brides and wedding parties have plummeted in the process.

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  • Unsold inventory piles up for retailers

    The ratio of inventory to sales hit an almost 11-year high in March, according to the Federal Reserve Bank of St. Louis, as businesses were forced to close as a result of the novel coronavirus outbrea

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