INSIDER
Bed Bath & Beyond closing stores, cruises prepare to sail
Read full article: Bed Bath & Beyond closing stores, cruises prepare to sail________________________RETAIL: Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The Buckle is seeing improving sales as more of its stores reopen. The sporting goods retailer's same-store sales dropped 28.2% in the first half of the second quarter with stores shuttered, according to preliminary data. However, the metric climbed 15.5% in the second half of the quarter as stores began reopening. Greek authorities say they are ready to reimpose public and travel restrictions next week, warning that safety guidance for COVID-19 is being frequently ignored.
Retailers look to boost sales, German car sales weak
Read full article: Retailers look to boost sales, German car sales weakThe company had reopened 367 stores as of May 30, with approximately 30 additional stores reopening the week of May 31. Total comparable store sales declined 27.6%, but online sales soared nearly 300%. Kirkland's currently has 357 of its 404 stores open to customers. One bright spot was online sales, which rose 32.3% in the quarter. In the last month of the quarter, online sales jumped 97%.