Strategy 2020-04-22T18:00:00Z

Fashion brands are reopening their factories and making millions of face masks to fight the coronavirus-related shortage

Major brands like Louis Vuitton, Christian Siriano, and Zara are using their factories to produce masks and other necessary equipment.
Retail 2020-04-22T17:18:48Z
gold's gym

6-foot spacing and half-empty studios: Gold's Gym CEO shares what locations will look like when they finally reopen

Gold's Gym has a plan to carefully reopen its locations, once they are permitted to by states and local governments.
BI Prime Finance 2020-04-22T17:02:10Z
neiman marcus hudson yards

A Neiman Marcus bankruptcy could mark a major blow to NYC's glitzy Hudson Yards, one of the most expensive mega-malls in US history. Here's why.

To convince Neiman Marcus to open in the Hudson Yards, developers Related and Oxford offered a sweet deal. A Neiman bankruptcy could make it sweeter.
Reviews 2020-04-22T16:35:00Z

KitchenAid appliances, including the brand's popular stand mixers, are now up to 40% off

KitchenAid is running a spring sale with discounts up to 40% off major and countertop appliances.
Executive Lifestyle 2020-04-22T16:31:00Z

A family feud over a $400 million trust fund, a massive fortune that left one heiress with an inferiority complex, and a sprawling media empire. Meet the Disney family.

Most of the Disney family members have stayed out of the business and have collectively donated millions to charity.
Retail 2020-04-22T16:27:06Z

Fashion Nova is paying out more than $9 million to consumers after violating FTC rules on shipping and refunds — here's how to get your money

According to the FTC, Fashion Nova made false promises on shipping times and illegally used gift cards in place of full refunds for unshipped orders.
Retail 2020-04-22T16:12:00Z

From weed to video games, here's how Americans are spending their stimulus check money

Most people are spending the $1,200 on groceries. But a lot of people are spending on streaming services and video games as well.
Retail 2020-04-22T15:57:11Z

Victoria's Secret buyer Sycamore Partners wants to back away from the deal, crushing hopes of a turnaround for the lingerie brand

Sycamore Partners agreed to take a majority stake in Victoria's Secret's earlier this year, taking the company private.
BI Prime Tech 2020-04-22T15:56:02Z

Facebook's $6 billion Jio deal makes it a major threat overnight to Amazon's growth in India

"I think they are going to create massive problems for the likes of Amazon and Flipkart," a senior forecast analyst at Forrester Research said.
Executive Lifestyle 2020-04-22T14:57:00Z

From the Juul founders to Nordstrom heirs, here are the 15 most notable people kicked off the Forbes billionaires list this year

The dynasties behind retailers Forever 21, Gap, Urban Outfitters, and Nordstrom are no longer on Forbes' Billionaires List.
Executive Lifestyle 2020-04-22T14:56:10Z

'WHAT THE ACTUAL F***?????': Heiress Abigail Disney slams company for furloughing workers but protecting shareholder payouts and executive bonuses

Abigail Disney slammed the company's decision to furlough employees without first canceling plans to pay dividends and executive bonuses.
Retail 2020-04-22T14:54:39Z

Developers are creating grocery bots to nab Whole Foods delivery slots the moment they open up

These bots tell people when a delivery slot opens up on Whole Foods or Amazon Fresh and can also expedite the entire checkout process.
Reviews 2020-04-22T14:33:00Z

UrbanStems' fresh bouquets make great gifts for any occasion — you can get a free box of chocolates with any order for the perfect Mother's Day pairing

UrbanStems makes ordering and delivering beautiful flower bouquets a breeze. Here's why it's the perfect gift.
Retail 2020-04-22T12:55:38Z

Coronavirus boosts Chipotle's app and online business, gains the burrito giant believes will last after the pandemic is over

Chipotle's digital sales grew more than 102% in March, as customers sheltered-in-place, ordering burritos for delivery or pick-up.
Retail 2020-04-22T07:11:05Z

No Evil Foods, a vegan company that sells fake meat, gave some employees a temporary raise following backlash to its COVID-19 response

The North Carolina-based company said it was providing some employees an immediate boost in pay, after earlier linking raises to perfect attendance.
Retail 2020-04-22T04:00:00Z

THE BUY BUTTON REPORT: The introduction of SRC will turn the online retail payments industry on its head — here's how payments players can win in the new checkout landscape

This report lays out what SRC and its buy button are, how the button works for users and merchants, and obstacles between it and widespread adoption.
BI Prime Tech 2020-04-21T22:10:00Z
Retail 2020-04-21T21:15:39Z

Desperate retailers are running unprecedented sales in a sign of trouble to come for clothing brands

Clothing stores are holding huge sales online, but it might not be a good sign for the industry's future.
Retail 2020-04-21T20:46:44Z

Some people are earning more in unemployment benefits than they did while working, leaving little incentive to return to their jobs

A federal program pays $600 per week in unemployment benefits, in addition to benefits paid out by states.
Retail 2020-04-21T19:03:04Z
Retail 2020-04-21T18:44:43Z

More than 150,000 people have signed a petition calling for Ruth's Chris Steak House to return $20 million in loans meant to help small businesses

Thousands of people are calling for Ruth's Chris to return $20 million in loans intended to support small businesses.
BI Prime Finance 2020-04-21T18:35:02Z

Private-equity owned Chuck E. Cheese is struggling under a massive debt load, and the company is gearing up for a restructuring

The company had gone on a mission to refurbish its venues, giving it a fresh, modern look with a pepperoni pizza wall-design on its exterior.
Executive Lifestyle 2020-04-21T17:53:00Z

Wealthy people are buying extra freezers to stock up on coronavirus groceries in their second homes, and it could cripple small towns with limited resources

Areas like the Hamptons have been dealing with food shortages, as rich part-time residents flock there to wait out the pandemic.
BI Prime Retail 2020-04-21T17:41:37Z

'The big will get bigger': UBS expects 100,000 stores to close across the US in the next 5 years — and Walmart, Costco, and Target could be among the last left standing

"Our overarching belief is that the big will get bigger," a group of UBS analysts wrote in a note to clients this week.
Retail 2020-04-21T17:28:00Z

America's richest fast-food giants qualify for $10 million coronavirus stimulus loans, revealing a disturbing loophole in a program designed to help struggling small businesses

The program, intended to save struggling small business, included a loophole that allowed companies as large as McDonald's to get loans.
Tech 2020-04-21T17:15:00Z

How Reebok makes plant-based running shoes

A lot of sustainable materials can't withstand the impact of a running shoe, but Reebok has created a plant-based shoe that can run a marathon.
Retail 2020-04-21T16:46:49Z

DoorDash is recreating the restaurant experience with virtual backgrounds and dining room playlists from popular chains like The Cheesecake Factory and Cracker Barrel

The backgrounds are currently available for 12 major eateries where users can still order delivery or takeout during the coronavirus.
BI Prime Retail 2020-04-21T16:37:05Z

A 21-year-old student grosses 7 figures in sales a year through his website that secures sneakers for over 50,000 unique customers. Here's a look inside his business.

RSVP Kingz has nabbed sneakers for over 50,000 unique customers. Here's how the website's 21-year-old founder started and grew his business.
Retail 2020-04-21T15:38:00Z

7 chains including McDonald's and Krispy Kreme are offering free food and drinks for healthcare workers and other first responders

These major chains are providing free pizza, doughnuts, coffee, and more to hospital workers and other people on the front line.
Retail 2020-04-21T13:34:00Z

Hundreds of thousands of retail workers are being furloughed or permanently laid off during the coronavirus pandemic. Here's who has been affected.

As retailers extend store closures and see brick-and-mortar sales come to a grinding halt, company executives are looking to cut costs elsewhere.
Retail 2020-04-21T13:15:00Z

IKEA plans to start reopening its European stores in May — and is stocking up for a post-coronavirus baby boom

The CEO of Ikea's parent company says kitchen and home office products have spiked. Now, the retailer is preparing for a baby boom as lockdowns lift.
Retail 2020-04-21T12:56:09Z

Lululemon issues an apology after an employee promoted an offensive T-shirt on social media, provoking a backlash online

The T-shirt was printed with images of bat-winged chopsticks and a takeout box with the words "No Thank You." In a caption, the artist said: "Where did COVID-19 come from? Nothing is certain, but we know a bat was involved."
Tech 2020-04-21T12:09:03Z

Hundreds of Amazon warehouse workers are set to call in sick to protest its response to COVID-19

Workers have complained Amazon isn't doing enough to protect them.
Media 2020-04-21T11:01:00Z

These are the 5 biggest digital trends to track as we head into 2020

In Five Digital Trends to Track as We Head Into 2020, eMarketer lays out its predictions across Digital Marketing, Media, and Commerce.
Retail 2020-04-21T10:09:00Z

Starbucks launches a new plant-based menu in China, featuring Beyond Meat products

This marks Beyond's Meat's debut into the Chinese market, where meat alternative products have yet to take off in the same way as in the US and Europe.
Retail 2020-04-21T06:04:00Z

The Future of Retail: Online Checkout

In The Future of Retail slide deck, Business Insider Intelligence outlines SRC-enabled checkout and explores how it could either take off or burn out.
Retail 2020-04-20T22:04:31Z

SPOTLIGHT: How will WFH — and the recession — impact the real estate industry?

This free Spotlight seminar will take a look at the future of the industry, touching on traditional real estate, proptech and flex space.
Tech 2020-04-20T21:36:23Z

Amazon is facing multiple inquiries from labor regulators into whether it unlawfully retaliated against workers who spoke out about its coronavirus response

Amazon has come under fire recently from employees, activists, and lawmakers for firing workers who criticized the company's safety measures.
Retail 2020-04-20T21:26:55Z

A wave of 'dark' stores could open across the US as governments lift restrictions on nonessential businesses

"Dark" stores aren't open to the public. They provide products only through drive thrus, curbside pickup, or delivery.
Strategy 2020-04-20T21:25:00Z

This Tunisian woman quit her office job to breed snails and sell their slime to beauty companies

Beauty brands have been putting snail slime into their products — and one Tunisian woman sells 44 pounds of snail slime a month.
BI Prime Tech 2020-04-20T21:07:45Z

Bank of America estimates Amazon's own delivery service could be worth up to $230 billion by 2025. This chart shows a growing warehouse footprint that's already as big as 7,300 football fields.

Amazon's investments in building up its own storage and shipping services could lead to a business worth $230 billion in 2025, Bank of America says.
Retail 2020-04-20T19:42:31Z

Shoppers slammed new rules restricting Walmart, Target, and Costco from selling 'nonessential' items but an expert says it could save lives

"If you reduce the time a person is in a supermarket by 50%, you reduce the amount of potentially viral aerosol [droplets] in the air by 50%."
Retail 2020-04-20T19:14:17Z

RESTAURANT APOCALYPSE: 8 million restaurant workers are now unemployed, as the industry braces for $240 billion in losses

8 million restaurant workers have been laid off or furloughed due to the coronavirus pandemic, with roughly two out of three employees out of a job.
Retail 2020-04-20T18:52:34Z

Industry experts say all restaurant owners should do these 7 things to stay afloat and boost sales during the coronavirus pandemic

Restaurants have been hit hard by the pandemic. Here's how restaurant owners can give their businesses a fighting chance of making it out alive.
Retail 2020-04-20T18:40:06Z

Shake Shack is giving hourly employees a temporary 10% raise after it gave back $10 million in small business loans and raised $150 million in stock offerings

The burger chain recently raised $150 million in stock offerings, and will give managers a 10% bonus through Q2.
Retail 2020-04-20T18:30:00Z

How did CBD oil become a $1 billion industry?

CBD stands for cannabidiol, and it's part of the cannabis plant from which we also get marijuana. We find out what exactly CBD is and how it's made.
BI Prime Retail 2020-04-20T17:45:19Z

Retailers like Levi's are finding early success selling products on TikTok — and say the video-sharing app could help bolster online sales amid coronavirus-related store closures

Levi's found that an experimental TikTok campaign more than doubled online views to its customized denim product pages in the past four months.
Tech 2020-04-20T17:34:00Z

Amazon reportedly tried to shut down a virtual event for workers to speak out about the company's coronavirus response by deleting employees' calendar invites

Amazon has now fired five workers since the coronavirus pandemic began who were involved in protests or criticized the company's treatment of workers.
Retail 2020-04-20T16:54:32Z

From the Chicago 1s to the Bred 11s, these are the best-selling Air Jordan sneakers on eBay in the last 15 years

The Air Jordan Bred 11 sold out of its pre-release drop on eBay in less than four minutes, making it the best selling Air Jordan on the platform.
Retail 2020-04-20T16:13:15Z

24 Hour Fitness reportedly considers bankruptcy options as the coronavirus pandemic continues to squeeze gyms across the US

Gyms and fitness studios are suffering as the coronavirus lockdown keeps their businesses closed and consumers at home.
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