• Pepper spray, ‘Black Lives Matter’ shirts become Amazon best sellers

    Pepper spray, ‘Black Lives Matter’ shirts become Amazon best sellers

    Protest gear is selling like hotcakes on Amazon. Pepper spray and “Black Lives Matter” merchandise have become some of the e-tailer’s best sellers amid raging demonstrations over the police killing of George Floyd. A pocket-sized bottle of pepper spray with a keychain attachment was the top-selling item in Amazon’s “Sports & Outdoors” section as of …
  • Retailers cancel reopenings amid protests over George Floyd’s killing

    Retailers cancel reopenings amid protests over George Floyd’s killing

    The Big Apple is boarding up — just as it was preparing to reopen. After three days of violence and looting in cities across the country in the aftermath of George Floyd’s death while in police custody, many Big Apple retailers — including Saks Fifth Avenue, Macy’s, Bloomingdales and Uniqlo — have boarded up their …
  • Pier 1 raking in $20M a week in online going-out-of-business sales

    Pier 1 raking in $20M a week in online going-out-of-business sales

    Going out of business has helped boost sales at Pier 1 Imports, The Post has learned. The struggling seller of glassware and wicker furniture has been raking in some $20 million a week in online going-out-of-business sales, the CEO revealed at a bankruptcy hearing on Friday. That’s better than any of its Black Friday sales …
  • Costco to bring back free samples – but it’s not going to be like it was

    Costco to bring back free samples – but it’s not going to be like it was

    Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free samples at its warehouses — but only on a “slow rollout basis.” Speaking in a third-quarter earnings call on Thursday, Costco CFO Richard Galanti …
  • Consumer spending plunges as Americans hoard cash amid coronavirus

    Consumer spending plunges as Americans hoard cash amid coronavirus

    US consumer spending took a record nosedive last month as Americans hoarded cash during the coronavirus pandemic, new data show. Personal consumption spending tumbled 13.6 percent in April, marking the largest drop since the feds started tracking the figure in 1959, the US Department of Commerce said Friday. The US savings rate, however, soared to …
  • Coronavirus crisis crippling debt-heavy Serta Simmons

    Coronavirus crisis crippling debt-heavy Serta Simmons

    The nation’s biggest mattress maker is in danger of becoming a coronavirus casualty this summer — and it’s the company’s private-equity owners that have made it vulnerable. Serta Simmons — a 150-year-old manufacturer that controls nearly 40 percent of the US mattress market — is facing a liquidity crunch as its retailers struggle with state-ordered …
  • How furniture showrooms are skirting New York lockdown laws

    How furniture showrooms are skirting New York lockdown laws

    Struggling retailers like Ethan Allen and Raymour & Flanigan have been skirting Gov. Cuomo’s lockdown rules, The Post has learned. The publicly traded Ethan Allen, for example, has been letting customers meet with dedicated sales people, known as “designers,” to browse New York showrooms on an appointment-only basis for weeks, according to employees. “We don’t …
  • Pandora jewelers reopening North America stores with coronavirus precautions

    Pandora jewelers reopening North America stores with coronavirus precautions

    Only seven months till Christmas 2020! Popular jewelry chain Pandora, known for its keepsake charms, is starting the all-important retail countdown by reopening half of its 375 stores in North America with an eye toward ironing out the kinks required to operate under the threat of COVID-19 during the holiday season, The Post has learned. …
  • Best Buy stock falls 4 percent as it ups spending on delivery services

    Best Buy stock falls 4 percent as it ups spending on delivery services

    Best Buy said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic. The company’s shares, which have gained nearly 60 percent in the last two …
  • Macy’s warns coronavirus lockdowns could spur $1 billion operating loss

    Macy’s warns coronavirus lockdowns could spur $1 billion operating loss

    Macy’s said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus. The health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees …