For more than two months, the toll of unemployment in the U.S. has grown each week. The retail sector, which was already struggling before the pandemic, is among the hardest hit, with stores closed or at reduced capacity and consumers…
By Paul Solman
More retail bankruptcies are expected in coming weeks with the doors of thousands of stores still locked.
By Associated Press
The deterioration of sales far outpaces the previous record decline of 3.9% that took place during the depths of the Great Recession in November 2008.
By Associated Press
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.
By Anne D'Innocenzio, Associated Press
By Martin Crutsinger, Associated Press
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
By Joseph Pisani, Associated Press
Eyeing that can of soda in the supermarket cooler? Or maybe you're craving a pint of ice cream? A camera could be watching you.
The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous…
Is traditional retail dead? There have been more store closings this year than any since the Great Recession, with retailers filing for bankruptcy at a record pace. And yet online retailers like Amazon and Warby Parker are adding brick-and-mortar stores.
By PBS NewsHour
The growth of e-commerce continues to wreak havoc on traditional retail and its workforce, with 5,300 store closings announced in the first half of 2017 and 64,000 job cuts expected. What will become of the 16 million Americans who work…
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