Industries

Retail

U.S. weekly jobless claims drop modestly

U.S. weekly jobless claims drop modestly; labor market recovery cooling

By: Lucia Mutikani
Source: Reuters
Date of Publication: November 5th, 2020
The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.
Walmart to sell operations in recession-hit Argentina, taking $1 billion hit

Walmart to sell operations in recession-hit Argentina, taking $1 billion hit

By: Adam Jourdan, Eliana Raszewski
Source: Reuters
Date of Publication: November 6th, 2020
Walmart Inc, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.
Homebound workers inject life into suburban malls after downtowns empty out

Homebound workers inject life into suburban malls after downtowns empty out

By: Nichola Saminather, Victoria Waldersee
Source: Reuters
Date of Publication: November 8th, 2020
As the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is turning out to be suburban shopping centres’ gain.
Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

By: Aluisio Alves
Source: Reuters
Date of Publication: November 8th, 2020
Amazon AMZN.O said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the COVID-19 pandemic has given to e-commerce in South America's largest economy.
Pandemic takes center stage in holiday shopping ad campaigns

Pandemic takes center stage in holiday shopping ad campaigns

By: Sheila Dang
Source: Reuters
Date of Publication: November 9th, 2020
After spending the summer convincing consumers to take socially distanced breaks from grim reality, advertisers are now returning to the pandemic as the central focus in holiday shopping campaigns launching this month.
Nike to cut 700 jobs at its Oregon headquarters by 2021 _ Fox Business

Nike to cut 700 jobs at its Oregon headquarters by 2021

By: Lucas Manfredi
Source: Fox Business
Date of Publication: November 2nd, 2020
Kristen Lupo, Nike's vice president of Total Rewards, said in the statement that bumping rights will not be available for affected employees and that those not represented by a labor organization will be notified directly.
Here's how stores are changing Black Friday for the pandemic

Here's how stores are changing Black Friday for the pandemic

By: Jordan Valinsky
Source: CNN Business
Date of Publication: October 31st, 2020
Black Friday is officially Black November. Also parts of October. And December, too.
Chevron, Exxon shrink spending as coronavirus cuts demand

Chevron, Exxon shrink spending as coronavirus cuts demand

By: Jennifer Hiller, Arathy S Nair, Shariq Khan
Source: Reuters
Date of Publication: October 30th, 2020
U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Under Armour expects demand for sneakers, face masks to drive annual revenue

Under Armour expects demand for sneakers, face masks to drive annual revenue

Source: Reuters
Date of Publication: October 30th, 2020
Under Armour Inc UA.NUAA.N forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.
Sam's Club is putting robot janitors in all of its stores during the pandemic

Sam's Club is putting robot janitors in all of its stores during the pandemic

By: Alexis Benveniste
Source: CNN Business
Date of Publication: October 21st, 2020
Soon every Sam's Club will have a robot to scrub the store floors.
In partnership with Brain Corp, an artificial intelligence company, the membership-only warehouse chain will distribute 372 new autonomous floor scrubbers to its stores this fall.