Sofiaera

The pandemic is reshaping the holiday shopping season

The 2020 holiday buying season is expected to be like no other: An avalanche of ecommerce deliveries, merchants running promotions earlier than ever, and tight crowd controls on Black Friday.Why it matters: Retailers desperately need the revenue from this critical time of year — and they fear that overwhelmed package-delivery services will leave their customers…

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The Children’s Place Is Closing Over 600 Stores Across the US in the Next 20 Months

Popular kids' clothing store The Children's Place is closing around 625 brick-and-mortar US locations over the next 20 months. According to a conference-call transcription about the company's 2020 earnings, reps for The Children's Place said the COVID-19 outbreak "significantly increased" its original closing plans, as ecommerce sales have picked up since the pandemic began. The…

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