retail

US retail sales roared back from record losses last month as states eased coronavirus lockdowns and stores reopened, new data show. Retail and food service sales surged a record 17.7 percent to $485.5 billion in May after plunging 14.7 percent in April amid pandemic restrictions that shut shoppers in their homes, the US Department of …

LONDON — Long lines stretched along streets across England as shops selling items considered as nonessential during the coronavirus pandemic, such as sneakers and toys, welcomed customers on Monday for the first time since the U.K. was put into lockdown in late March. Starved of the retail experience for the best part of three months, …

The US mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away. Sales at Holder Mattress Co. were up about 30 percent last month, compared with a year ago, after the company started letting people back into its two northern Indiana stores, said Lauren Taylor, president and granddaughter of …

The nation’s biggest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry. It is the second major retail deal signed before the virus hit the US to crumble. The sale of Victoria’s Secret to a private equity group fell apart last …

The US could see 20,000 to 25,000 store closures as coronavirus-spurred joblessness and sheltering in place have decimated brick-and-mortar retail sales, according to stats released Tuesday. Coresight Research’s data also indicate that 55 percent to 60 percent of the unlucky retailers reside in malls. It’s sobering news for physical retailers of all locations, given that …

The Neiman Marcus store at Hudson Yards is being eyed for office space. Opened barely a year ago at the swanky mega mall it anchored on Manhattan’s West Side, the bankrupt luxury retailer is considering closing the store for good while its landlord shops the three-story, 188,000-square-foot space to office tenants, according to reports. Related …

Macy’s said on Tuesday its 450 reopened stores were performing better than expected, giving some respite for the department store chain that reported nearly $1 billion in quarterly operating losses due to COVID-19 lockdowns. The company’s shares rose 12 percent in premarket trading, a day after Macy’s said it had raised $4.5 billion to navigate …

Private equity firm Sycamore Partners is in preliminary talks to acquire JCPenney out of bankruptcy should the US department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. Shares of JCPenney jumped almost 55 percent on the news. JCPenney, which employs roughly 85,000 people, filed for bankruptcy protection …

It might be safer to rob a bank. Retailers across the country are boosting their defenses to protect against looting, including by hiring armed guards, planting scouts to keep watch out front and securing storefronts with barbed wire, The Post has learned. As The Post reported on June 2, iconic department store Saks Fifth Avenue …

H&M, the world’s second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the US because of the violent protests following the death of George Floyd in police custody. “We have closed 95 stores temporarily due to the protests,” an H&M spokesman told Reuters. The protests erupted across the US …