Industries

Retail

How These Bike Brands Capitalized on the Cycling Boom

These 3 Brands Adjusted Their Campaigns to Capitalize on the Bike Boom

By: Nicole Ortiz
Source: Adweek
Date of Publication: July 10th, 2020
Brompton, Specialized and Trek all saw massive spikes in sales due to Covid-19.
Bed Bath & Beyond announces plans to permanently close 200 stores over next two years

Bed Bath & Beyond announces plans to permanently close 200 stores over next two years

By: Kelly Tyko
Source: USA Today
Date of Publication: July 8th, 2020
Bed Bath & Beyond Inc. plans to close approximately 21% of its namesake stores, or 200 locations, over the next two years, the company announced Wednesday.
Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce_CNBC

Levi’s sales fall 62% in second quarter, to cut 15% of corporate workforce

By: Lauren Thomas
Source: CNBC
Date of Publication: July 7th, 2020
Denim maker Levi Strauss & Co.’s sales fell 62% during the second quarter, the company announced Tuesday.
Krispy Kreme's CMO on why the brand rolled out a Walmart exclusive during the pandemic

Krispy Kreme's CMO on why the brand rolled out a Walmart exclusive during the pandemic

By: Chris Kelly
Source: Marketing Dive
Date of Publication: July 6th, 2020
Dave Skena detailed a national partnership and how the company's launch of delivery in February proved fortuitous.
Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

By: Lauren Hirsch
Source: CNBC
Date of Publication: July 8th, 2020
Brooks Brothers, founded in 1818, filed for bankruptcy on Wednesday. The retailer, which generated more than $991 million in sales last year, has more than 200 stores in North America and 500 worldwide. It has already decided to close roughly 51 stores, a decision it attributes to the pandemic.
U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

By: Michelle Price, David Lawder, Lawrence Delevingne
Source: Reuters
Date of Publication: July 6th, 2020
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous.
Some jobs are coming back, but economy will need years to heal

Some jobs are coming back, but economy will need years to heal

By: David J. Lynch
Source: Washington Post
Date of Publication: July 3rd, 2020
“The situation is really fluid. And it changes day by day,” Jeff Gennette, Macy’s chief executive, told investors this week on an earnings call. The same could be said of the entire U.S. economy, which has defied the most pessimistic forecasts yet still faces an uncertain trek back to its former heights. With the unemployment rate at 11.1 percent, worse than at any point during the Great Recession, and output continuing to decline, the healing could go on for years.
Costco to reduce coronavirus senior shopping hours_Fox Business

Costco to reduce coronavirus senior shopping hours

By: Cortney Moore
Source: Fox Business
Date of Publication: July 6th, 2020
Wholesale chain will end special shopping for seniors, high-risk customers.
Blowout jobs report may have missed a troubling trend linked to coronavirus

Blowout jobs report may have missed a troubling trend linked to coronavirus

By: Stephanie Landsman
Source: CNBC
Date of Publication: July 5th, 2020
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases.

“The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”
COVID-19 — a timeline of the coronavirus outbreak

COVID-19 — a timeline of the coronavirus outbreak

By: Jenny Lei Ravelo, Sara Jerving
Source: Devex
Date of Publication: July 3rd, 2020
The timeline below tracks the development of the outbreak as it unfolds. Total cases as of July 3: 10,871,362 and 521,298 deaths.