untitled design

Tag: Retail industry

76ers, Devils cut salaries, move employees to 4-day week

76ers, Devils cut salaries, move employees to 4-day week

The logo for the National Hockey League’s (NHL) New Jersey Devils is displayed outside the team’s home arena, the Prudential Center, in Newark, New Jersey. Victor J. Blue | Bloomberg | Getty Images The financial impact of a sports shutdown is starting to trickle down.   On Monday, Philadelphia 76ers and New Jersey Devils’ employees were […]

Pressure is rising to postpone the 2020 Tokyo Olympics

Pressure is rising to postpone the 2020 Tokyo Olympics

People wearing protective face masks, following an outbreak of the coronavirus, are seen next to the Olympic rings in front of the Japan Olympic Museum in Tokyo, Japan, February 26, 2020. Athit Perawongmetha | Reuters There is mounting pressure to postpone the Olympics for the first time in their 124-year history.  Monday evening, the United […]

Restaurant industry asks for $145 billion recovery fund from the government

Restaurant industry asks for $145 billion recovery fund from the government

Patrons eat at Tom’s Restaurant in the Prospect Heights neighborhood of Brooklyn on March 16, 2020 in New York City. Victor J. Blue | Getty Images The National Restaurant Association is asking the federal government for financial relief for the industry as it forecasts sales declines of $225 billion over the next three months due […]

Amazon to hire 100,000 warehouse and delivery workers

Amazon to hire 100,000 warehouse and delivery workers

An Amazon warehouse Getty Images Amazon is hiring an additional 100,000 employees in the U.S. to meet the surge in demand from online shopping amid the coronavirus outbreak, the company said Monday.   The company is looking to add extra full-time and part-time positions for warehouse and delivery workers. Through the end of April, it will […]

Make the best of being home due to coronavirus closures

Make the best of being home due to coronavirus closures

From quarantines to working remotely, precautions are being taken across the U.S. in response to the spread of coronavirus. If you find yourself stuck at home, there are ways to make the best of a bad situation, according to “Shark Tank” investor Daymond John. “You have to make sure that you take that time to […]

Stitch Fix shares are tanking, biz could be near ‘saturation point’

Stitch Fix shares are tanking, biz could be near ‘saturation point’

Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares are cratering as Wall Street questions the longevity of a business that ships customers clothes on a fixed basis, using data science to curate outfits they might like. Its stock was last down […]

Apple China stores all open apart from four

Apple China stores all open apart from four

Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images All of Apple’s retail stores in mainland China apart from four are now open after the coronavirus outbreak forced the iPhone maker to close […]

Coke, Clorox, other brands urge attorney general Barr to fight price gouging

Coke, Clorox, other brands urge attorney general Barr to fight price gouging

William Barr, U.S. attorney general, listens during a roundtable discussion with law enforcement in Wichita, Kansas, U.S., on Wednesday, Oct. 2, 2019. Nick Oxford | Bloomberg | Getty Images A lobbying group representing some of America’s largest consumer brands wants the Justice Department to stop retailers from jacking up prices on hand sanitizer, masks and […]

What critics are saying about Pixar’s newest film

What critics are saying about Pixar’s newest film

Tom Holland and Chris Pratt voice teenage elf brothers in Pixars’ “Onward.” The pair embark on a quest to spend one last day with their father, who died when they were too young to remember him. Disney Pixar has set a high standard for animated movies over the last 25 years, but its latest title […]

Gap names Old Navy chief Sonia Syngal as CEO

Gap names Old Navy chief Sonia Syngal as CEO

Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloomberg | Getty Images Gap Inc. has tapped its Old Navy chief Sonia Syngal to be CEO, effective March 23, the company announced Thursday afternoon. Its shares […]