Day

June 15, 2020
NEW YORK, United States — About 250 black fashion professionals released a strongly worded petition on Thursday, denouncing The Council of Fashion Designers of America’s anti-racism efforts and calling on the trade organisation to use its status to hold the industry accountable on hiring and promoting black people. The letter, called The Kelly Initiative, was...
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In its weekly “Retail Impact Scoreboard,” data analytics firm Unacast said average foot traffic at retail across all segments is down 15 percent year-over-year — an improvement over the past month. Week-to-week traffic is up 16 percent, researchers at the firm noted, adding that home goods and home improvement stores are, to date, “the most...
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Between a global pandemic and looming recession, consumers are starting to shift priorities when it comes to shopping for beauty. As U.S. retailers begin to reopen and beauty sales begin to pick back up after a 14 percent dip in the first quarter due to coronavirus-induced closures, experts are seeing consumers spend on products based...
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Amazon will soon provide third-party sellers with credit lines through a partnership with Goldman Sachs. As first reported by CNBC, small business owners who sell items through Amazon will soon have the opportunity to apply for credit lines up to $1 million through Goldman’s digital-banking offshoot, which is called Marcus. According to CNBC, potential borrowers...
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The bad news keeps piling up for the American Dream megamall project in the New Jersey Meadowlands. Previously, the developer and its lenders revealed that Triple Five has missed the April and May payments on the mortgage loan on its signature property, the Mall of America. Triple Five had used a 49% stake in the...
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