Month: October 2020

How this 128-year-old shoe store is still surviving

That’s been the situation for Peter Gimre, owner of 128-year-old Gimre’s Shoes in the coastal city of Astoria, Oregon. His grandfather opened the shoe store in 1892, after immigrating from Norway, and it has stayed in the family ever since. Gimre, who is turning 60 this month, has worked at the store since he was 16. His father ran the store until he took over in 1984.

When CNN Business first spoke to Gimre in April, the entire state of Oregon was under stay-at-home orders. The store, which doesn’t sell its shoes online, had been closed for two weeks. He … Read More

California theme park closures hit jobs, shops, budget

Disneyland

Chris Carlson / AP

In this March 18, 2020, photo, one of the normally bustling entrances to the Disneyland resort is vacant due to the coronavirus closure in Anaheim, Calif.

California’s amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus pandemic forced them to close their gates.

Now that state health officials announced strict new rules for reopening the parks, attractions spanning from Disneyland to Universal Studios are bracing for an even longer shutdown

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Westfield Valley Fair resumes in-store shopping

SAN JOSE — Some stores and restaurants at Westfield Valley Fair shopping mall in San Jose began on Monday to open their doors for inside shopping, a far-reaching change amid the ongoing economic dislocation unleashed by the coronavirus.

The huge retail and restaurant complex had not offered wide-ranging shopping inside stores for months, going back to when state and local government agencies started to impose an array of business shutdowns to combat the spread of the deadly bug.

The Valley Fair website listed roughly 93 stores or restaurants that were open. The re-launch of inside store and restaurant access also

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Wall Street tumbles as virus concerns mount, Europe eyes new lockdowns

Stocks dropped sharply, pointing to another volatile day on Wall Street as investors nervously eyed elevated coronavirus case counts in the U.S. and Europe, weighed outcomes of Election Day next week and contemplated when another round of fiscal stimulus out of Washington might get passed.

[Click here to read what’s moving markets heading into Thursday, Oct. 29]

The drop in domestic equities came alongside a plunge in European stocks, with the STOXX 600 selling off and hitting the lowest level since May. Concerns of even more restrictions across the region weighed on global risk assets, with French President Emmanuel Macron

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Black Friday 2020: What you need to know before shopping this year’s sales frenzy

Stores have extended sales not just on-premise, but also online.

While traditional, on-site “doorbuster” sales aren’t available this year, big-box retailers have announced plans to provide shoppers guidance on how to navigate the best deals online

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