retail therapy

Yelp’s local economic impact report

“Of all business closures on Yelp since March 1, 41% are permanent closures. Our data shows the largest spikes of permanent closures occurred in March, followed by May and June, indicating that the businesses that were already struggling had to […]

retail therapy

Nike hit hard by coronavirus

Even the strongest of brands is hurting today. “Nike reported an unexpected quarterly net loss and a sales decline of 38% year-over-year.” That’s despite digital sales growing by 75% to represent 30% of their revenue. | learn more

retail therapy

Walmart and Shopify team up

Walmart’s had an online marketplace since 2009, though it’s always fallen short of Amazon’s in scale. Now they’re teaming up with Shopify to bring more sellers and more products to the platform. It’s also a reflection of (I think) philosophical […]

retail therapy

The Hertz Corporation files for bankruptcy

From the restructuring industry newsletter Petition: “Much like most other COVID victims, Hertz could be described as having mild pre-conditions that made it generally more susceptible to the virus. For years now, the company has been attempting to effectively treat […]

retail therapy

James Cash Penney and the ‘golden rule’

From the New York Times in 1971, resurfaced because of the chain’s recent bankruptcy filing. “In an interview on his 93d birthday, he said that the profit sharing plan for employees that he started in 1907 had been largely responsible […]