Monday, March 23, 2020

National Retail News: COVID-19 Updates

The Commerce Department said retail sales fell in February by the most in a year, indicating the main driver of the US economy, consumer spending, had begun to slow even before coronavirus containment measures began rippling through the economy. The value of overall sales decreased 0.5% from the prior month after a 0.6% gain in January. See sales reports below...Albertsons, the nation’s second-largest supermarket chain with more than 2,200 stores, filed for an initial public offering this month. The company has been owned for the past 14 years by private equity firm Cerberus Capital Management.

COVID-19
These are extraordinary  and challenging  times for retailers, restaurants, and retail property owners.  We can’t include every headline related to retail and the pandemic. A big one: Simon has closed all of its domestic retail properties: malls, outlets and mills. Taubman has closed all but two properties. Also, here is a recent list of retailers who are closing all or many stores for extended periods:

Abercrombie & Fitch
Allbirds
American Eagle
Apple
Aritzia
Away
Bed Bath & Beyond 
Benefit
Buck Mason
Canada Goose
Chicos
Columbia Sportswear
Everlane
Foot Locker
Gap
Glossier
Greats
Guess
J.C. Penney
J.Crew
Kate Spade
Kohl’s
L Brands
Levi Strauss & Co.
Lululemon
Lush Cosmetics
Macy’s
Madewell
Neighborhood Goods
Nike
Nordstrom
Outdoor Voices
Patagonia
Peloton
PVH
Ralph Lauren
Reformation
REI 
Rent the Runway
Rothy’s
Sephora
Tailored Brands
Tapestry
TJX locations
Ulta Beauty
Under Armour
Urban Outfitters
VF Corp.
Vineyard Vines
Walmart
Warby Parker
Williams Sonoma

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