Retail
Protests over the killing of George Floyd by police in Minneapolis last week turned violent Saturday and yesterday in Kansas City. The demonstrators were initially gathered in the Country Club Plaza on Saturday afternoon, were diverted to the Westport area…
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After a hairstylist served a customer who was an asymptomatic carrier of COVID-19, Beauty Brands has closed a store in the Northland for cleaning. Read more at KCTV.
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Costco Wholesale Corp. saw net sales rise by 7.3 percent, to just under $36.5 billion, while same-store sales in the United States rose 5.9 percent. However, net income did drop year over year, to $838 million from $906 million. Costco…
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The State of Missouri and Kansas City, Mo., now have conflicting stay-at-home orders. Gov. Mike Parson has extended his emergency order to June 15, which requires retail locations at 10,000 square feet at 25-percent capacity and larger locations at 10…
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The number one item that people are spending their stimulus checks on is bills, despite the run-up of shopping at various mass-merchandise retailers. About 30 percent of those receiving checks spent them on bills, according to a recent survey. Read…
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Owen Buckley, Managing Partner, LANE4 Property Group, which specializes in commercial real-estate within the retail sector. Q. A number of encouraging metrics indicate economic activity is picking up on multiple fronts, even if slowly. Will it come in time to…
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Nearly three weeks after reopening its stores in Omaha and Dallas, Nebraska Furniture Mart did the same for its Kansas City-area location over the Memorial Day weekend. If the pent-up demand for home furnishings is an indication, the retail sector…
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Rental-car company Hertz has filed for bankruptcy after a major sales downturn that was fueled by COVID-19. "The impact of Covid-19 on travel demand was sudden and dramatic, causing an abrupt decline in the company's revenue and future bookings," said…
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L Brands, the parent company of Victoria's Secret, said it will close 250 of those stores due to them being shut for months due to COVID-19 and the resulting revenue loss. Meanwhile, the company is also closing Bath & Body…
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Retailer Target Corp. saw sales rise 10.8 percent year over year during the first quarter as shoppers flocked its stores and website at the start of the COVID-19 outbreak. Digital sales skyrocketed 141 percent year over year, while store sales…
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