The Retailers Association of Massachusetts is preparing for a majority of its members to either retire or sell their small businesses in the next decade, and the trade group’s president said Wednesday that local franchise operations are going to be “key” to the future success of the small business sector.
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates.
High inflation and steady recession talk do not appear to be dampening holiday shopping appetites, according to projections by the Retailers Association of Massachusetts.
CVS Health will close hundreds of drugstores over the next three years, as the retail giant adjusts to changing customer needs and converts to new store formats.
A North Shore single-tenant grocery store property leased to Whole Foods has sold to a local buyer.
According to the Retailers Association of Massachusetts, 26 percent of its members reported selling on the internet last year, double what it was nine months ago.
A streetwear retailer with roots in Harvard Square is testing the demand for brick-and-mortar expansion with a new Back Bay store.
The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing one-third of its store base.
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Alfresco dining has become an important part of the restaurant industry in Massachusetts, having “dramatically increased” when state government prohibited indoor dining to slow the spread of the coronavirus, analysts at the Federal Reserve Bank of Boston said.
Macy’s Inc. on Wednesday reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier.
Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
With retailers and restaurants struggling amid the COVID-19 pandemic, state leaders are launching a $2 million ad campaign aimed at boosting foot and web traffic at local businesses.
Dunkin’ Brands Inc. expects to close up to 800 underperforming U.S. stores this year as it tries to shore up its portfolio in the wake of the coronavirus pandemic.
Only half of Massachusetts small business owners whose operations are still closed said they are confident they will ever reopen, indicating lingering uncertainty months after forced shutdowns began to limit the spread of COVID-19, according to a new poll.
Face masks and two-week quarantines for travelers entering Massachusetts from COVID-19 hot spots would be required under a bill filed at the State House on Tuesday.
The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection.
When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge resident decided to skip his local cycle shops in favor of a Black-owned one a few miles away in Boston’s Dorchester neighborhood.
Restaurants in Massachusetts have been allowed to welcome diners back to their patios and dining rooms, but some restaurateurs still have their eye on a relief bill that’s pending before the state Senate.
American retail sales grew surged in May after a dismal April, offering some encouraging news about the prospects of economic recovery and delivering a potential glimpse toward the near-term future in Massachusetts, where reviving public activity has lagged other parts of the nation.
