shopping malls

The retail industry is facing a potential wave of bankruptcies – here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

The retail industry is facing a potential wave of bankruptcies – here’s why Read More »

Luxury stores still limiting crowds post-COVID — and won't admit why

Luxury stores still limiting crowds post-COVID — and won’t admit why

COVID-19 is waning, but shopping for a Louis Vuitton bag, a Chanel suit or a pair of Gucci loafers increasingly means standing in line outside a boutique — and luxury brands have been conspicuously tight-lipped on why. Most elite labels leaned into “appointment shopping” during the height of the pandemic, citing the need for social …

Luxury stores still limiting crowds post-COVID — and won’t admit why Read More »

Luxury stores still limiting crowds post-COVID — and won't admit why

Luxury stores still limiting crowds post-COVID — and won’t admit why

COVID-19 is waning, but shopping for a Louis Vuitton bag, a Chanel suit or a pair of Gucci loafers increasingly means standing in line outside a boutique — and luxury brands have been conspicuously tight-lipped on why. Most elite labels leaned into “appointment shopping” during the height of the pandemic, citing the need for social …

Luxury stores still limiting crowds post-COVID — and won’t admit why Read More »

Macy's stock surges as company raises 2022 profit outlook despite uncertain retail landscape

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

A person walks past a Macy’s store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has …

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape Read More »