Inventories are down as a result of factory shutdowns in the spring caused by the coronavirus pandemic.
retail
Posted inBusiness, Local & State
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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Posted inBusiness, Nation & World
Where U.S. small businesses are feeling the most pandemic pain
The latest Small Business Pulse Survey by the Census Bureau offers a glimpse of how small U.S. firms see their prospects.
Posted inBusiness, Nation & World
After nearly 200 years, Lord & Taylor goes out of business
The retailer announced it will permanently close its remaining 38 stores and shut down its website.
Posted inBusiness, Local & State
Maine’s small-business sector still in crisis after reopening
Many businesses report poor sales and low customer counts as the coronavirus pandemic continues to strangle commerce.
Posted inBusiness, Local & State, News
Sears is closing at The Maine Mall
The store is expected to shut its doors in mid-September, according to the South Portland mall’s general manager.
Posted inBusiness, Local & State
L.L. Bean to sell products through other retailers
The company’s first wholesale agreements in the U.S. represent a push to get L.L. Bean products in front of more consumers.
Posted inBusiness, Local & State, News
Jordan’s Furniture braces for mid-pandemic opening Friday at The Maine Mall
The chain’s first store in Maine features an indoor ropes course, which is opening along with a massive showroom. But will customers materialize?
Posted inBusiness, Local & State, News
Stores appear to be complying with face mask enforcement, and shoppers aren’t making a fuss
The governor issued an order this week requiring many businesses in 7 counties and several cities to enforce the state’s mask-wearing mandate with customers.
Posted inBusiness, Nation & World
Brooks Brothers goes bankrupt as virus closes offices
The two-century-old company is the latest casualty of the pandemic that has hit old-line retailers.