Retail

The billionaires and country clubs that received small business loans from the government

Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to the Small Business Administration.  The PPP loans and grants were part of the $2 trillion CARES Act, which...

Shake Shack says it lost $3.2 million in sales due to protests and curfews

Shake Shack, one of the many storefront businesses boarded in downtown Brooklyn over the fears of looting. Erik McGregor | Getty Images Shake Shack said Tuesday that it lost about $3.2 million in sales in June due to nationwide protests...

Movie theater giants say requiring New Jersey theaters to remain closed is unconstitutional

A "Closed" sign is displayed outside an AMC Entertainment Holdings Inc. movie theater in Tucson, Arizona, U.S., on Tuesday, June 30, 2020. Cheney Orr | Bloomberg | Getty Images AMC, Cinemark and Regal are among a group that filed a...

Yamaha is testing an app that would let sports fans pipe virtual ‘cheers’ into...

Remote Cheerer used for Chiba Lotte Marines game in Japan Source: Yamaha Cheering for your favorite sports team may soon be as easy as tapping an app. Yamaha Corporation is testing out a new technology that would allow fans to vocalize...

Bipartisan Senate bill would punish retailers for refusing cash payments

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill...

Top Alibaba exec fired for helping girlfriend secure a job and accepting gifts, internal...

The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles' Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba has fired the...

Macy’s reports first-quarter loss but does not expect ‘another full shutdown’

Macy's at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California. Robin L Marshall | Getty Images Macy's said Wednesday it swung to a first-quarter loss, in line with its...

Pizza Hut’s largest U.S. franchisee files for Chapter 11 bankruptcy

A customer enters a Pizza Hut restaurant in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images NPC International, the largest U.S. franchisee of Yum Brands' Pizza Hut, filed for Chapter 11 bankruptcy on Wednesday. The company operates more than 1,200...

Constellation Brands acquires Gary Vaynerchuk’s Empathy Wines

Box from Empathy Wines Empathy Wines Constellation Brands announced plans on Wednesday to acquire Empathy Wines, a direct-to-consumer vintner co-founded by entrepreneur Gary Vaynerchuk. Terms were not disclosed. Empathy, founded in 2019, has sold about 15,000 cases of its signature California-sourced wine...

Mall owner CBL says it’s in forbearance over skipped interest payment

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Wednesday it has entered into a forbearance agreement with its lenders over a missed interest payment.  With bills piling up and many of its retail tenants opting...

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