Costco saw sales bounce from pandemic, but stay-at-home orders limited bigger gains Shoppers flocked to the retailer's stores to buy bulk packs of toilet paper and groceries in the early weeks of the pandemic, but traffic dropped off with stay-at-home orders.
Alibaba's InTime department store chain turns to live-streaming to boost sales during coronavirus InTime's focus on livestreaming and its e-commerce app has pushed 20% of sales this year to come from online versus a "single digit" portion in 2019, CEO Chen Xiaodong said.
JC Penney to kick off store closing sales in June The liquidation deals are on their way. J.C. Penney is planning to kick off a round of store closure sales as soon as next month.
The 'invincible teen consumer' is back. Abercrombie & Fitch CEO says recovery better than expected While apparel retailer Abercrombie & Fitch reported a sales decline of more than 30% during its latest quarter, its results also hinted at a rapid rebound among younger consumers as it reopens stores across the U.S.
Nordstrom sales fall 40%, but retailer says it has 'sufficient liquidity' to weather pandemic Nordstrom's net sales fell 40% during the first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its peers.
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