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Retail
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2020 Power 50: Ernie Herrman
Updated: May 25, 2020Herrman might never be mentioned in the same sentence as Amazon’s Jeff Bezos, but there’s one thing the two businessmen undoubtedly share: success in retail at a time when it's increasingly difficult to find.
Updated: May 25, 2020
The 2020 most influential people in Central Mass. business
Updated: May 25, 2020It’s not about having power. It’s about using it.
Updated: May 25, 2020
Pier 1 to close all its stores, sell off all its assets
May 21, 2020Pier 1 has announced it will close all of its stores as soon as it is able to open them as part of its bankruptcy proceeding. In Central Mass., this will impact the company’s Shrewsbury and Bellingham locations.
May 21, 2020
BJ's, packed during outbreak, sees store sales jump 27%, profits 167%
May 21, 2020The coronavirus pandemic has caused shoppers to stock up on food and other essentials while many are stuck working from home, are jobless or unable to go out to eat. BJ's Wholesale Club has been about as big of a beneficiary as any.
May 21, 2020
TJX profits plunge $1.6B in wake of coronavirus pandemic
May 21, 2020The TJX Companies, Inc., headquartered in Framingham, said Thursday it had its profits drop from $700 million in the first quarter last year to a $887 million loss in the first quarter this year, as it was forced to close its stores worldwide in the
May 21, 2020
Data shows BJ's spike in business during pandemic
May 15, 2020Sales at BJ's Wholesale Club doubled at one point early in the coronavirus pandemic as part of a rush of business to warehouse clubs, according to an industry tracker.
May 15, 2020
Coronavirus shuttered 48% of Worcester County's small businesses, dropped revenues 43%
May 13, 2020Almost half of small businesses in Worcester County have closed at least temporarily during the coronavirus pandemic, according to an analysis by a team of researchers led by Harvard University.
May 13, 2020
WBJ Podcast: How the Central Mass. workforce is changing now and in the future
May 11, 2020More than 20% of the Massachusetts workforce has applied for unemployment since the coronavirus crisis began in mid-March, particularly those employees in the hospitality, retail and healthcare sectors.
May 11, 2020
Strained nonprofits are finding coronavirus pandemic is becoming a poor person’s crisis
Updated: May 11, 2020Central Massachusetts was already facing deep-rooted challenges with poverty. Add a pandemic forcing more than 800,000 Massachusetts residents to file for unemployment, and Central Massachusetts human services have been sent into overdrive.
Updated: May 11, 2020
How Central Mass. biz owners are taking over Instagram
Updated: May 11, 2020Savvy Central Mass. social media managers all seem to report the same phenomenon, which is a business owner’s dream: post a product online and see it fly off the shelves.
Updated: May 11, 2020
Movers & Shakers for May 11, 2020
Updated: May 11, 2020Central Massachusetts organizations making hires and promotions recently include Cornerstone Bank, Rollstone Bank & Trust, UMass Memorial Health Care and Covectra.
Updated: May 11, 2020
Judge lifts Baker order closing gun retailers
May 8, 2020A federal judge will temporarily lift a Gov. Charlie Baker executive order requiring firearm retailers to close their physical businesses during the COVID-19 state of emergency.
May 8, 2020
Neiman Marcus files for Chapter 11 bankruptcy
May 7, 2020Neiman Marcus, which has a location in Natick, announced Thursday it has filed for Chapter 11 bankruptcy as the impacts of the coronavirus-stunted economy begin to materialize.
May 7, 2020
The owner of Berlin restaurant where Oscar-nominated movie was filmed has been charged with COVID-19 stimulus fraud
May 5, 2020The owner of the Berlin restaurant where Chris Evans shot a movie scene faces charges for filing fraudulent coronavirus relief loan applications through the U.S. Small Business Administration.
May 5, 2020
Worcester Walmart reopens after coronavirus closure
May 5, 2020The Walmart Supercenter at 25 Tobias Boland Way in Worcester reopened Tuesday, a week after it was shut down due to employees testing positive for COVID-19, a company spokesperson confirmed on Tuesday.
May 5, 2020
Staples owner drops $525M plan to buy Victoria's Secret
May 5, 2020A planned purchase of Victoria's Secret by Staples owner Sycamore Partners is off, leaving the women's clothing brand to plan to operate as a standalone entity apart from Bath & Body Works.
May 5, 2020
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