retail

Microsoft on Friday announced it will permanently close its Microsoft Store retail locations. It will instead focus on its online store at Microsoft.com, where customers can go for support, sales, training and more. Microsoft said its retail team members will help on the website instead of in store. A Microsoft spokesperson told CNBC that all Microsoft employees will have the opportunity to stay...

Kids clothing retailer The Children’s Place announced plans to close 300 stores by the end of 2021 as the company looks to reduce its brick-and-mortar footprint to focus on e-commerce.

For weeks Samantha Clarke calmly listened to the insults and threats directed daily at her and her employees by people who learned they couldn’t enter the Modesto, California, store without wearing a mask and following other coronavirus-related rules. But never, says the 17-year veteran of retail sales, did she expect she’d be sucker-punched and knocked to the floor, blood...

During Walmart’s earnings call this week, CEO Doug McMillon said the big-box retailer has seen different phases of shopping during the coronavirus pandemic. First, he said, customers stockpiled food and household essentials. Later, they sought out items that helped them work, learn and entertain themselves during long days at home.  In the final weeks of April, another trend emerged: Customers were...

New Jersey, as part of phase one, re-opened their malls for curbside pick up, Pat Battle reports.

U.S. retail sales plummeted 8.7% in March, a record drop as the viral outbreak closed down thousands of stores and shoppers stayed home

Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.

It was another onslaught of bad news from America’s department store chains this week. And that likely will not be letting up anytime soon.  Luxury chain Neiman Marcus filed for Chapter 11 bankruptcy protection, while Lord & Taylor is reportedly looking to liquidate its stores as soon as they are able to reopen again. Nordstrom said it is permanently closing 16...

Struggling fashion brand J

Clothing apparel company J. Crew is preparing for a bankruptcy filing that could come as soon as this weekend, people familiar with the matter tell CNBC. Privately held J. Crew is working to secure $400 million in financing to fund operations in bankruptcy, said the people, who requested anonymity because the information is confidential. They cautioned that timing could still…

Retail sales in the United States had a record-breaking fall in the U.S. last month amid the coronavirus pandemic.

At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.

Governor Murphy signs three executive orders. By signing these orders Governor Murphy has moved the date of the primary election, shut down all nonessential construction, and put restrictions on essential businesses.

The biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce, CNBC has learned, as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic. The furloughs impact full- and part-time workers, at its Indianapolis headquarters and at its malls and outlet centers across the U.S., a person familiar with the situation...

Across a country where some shelves are empty and patience is thin, authorities are receiving a surge of reports about people trying to cash in on the coronavirus crisis with outrageous prices, phony cures and other scams. An Associated Press survey of attorneys generals in all 50 states found the number of complaints has already exceeded 5,000

Stuck rationing toilet paper because you didn’t stockpile during the coronavirus panic over the last few days? Don’t worry, according to supply chain experts. “All the grocery stores are going to have pallets of toilet paper sitting in the aisles and nobody is going to buy it because who needs to buy toilet paper when you got a year’s worth sitting...

Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out by panic shopping in response to the global viral pandemic

Panic buying has been rife amid the global spread of the new coronavirus, with consumers around the world stockpiling goods like hand sanitizer, canned foods and toilet paper.

Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry shaken by changing consumer tastes.

Victoria’s Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner