Industries

Retail

U.S. weekly jobless claims inch lower, but remain stubbornly high

U.S. weekly jobless claims inch lower, but remain stubbornly high

By: Dan Burns
Source: Reuters
Date of Publication: October 8th, 2020
The number of Americans filing new claims for jobless benefits inched down last week, signaling the U.S. labor market is making little fresh headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions.
U.S. commercial bankruptcies up 33% year to date

U.S. commercial bankruptcies up 33% year to date

Source: Reuters
Date of Publication: October 5th, 2020
U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.
IKEA eyes return to growth this year after sales shrank 4% in 2019/20

IKEA eyes return to growth this year after sales shrank 4% in 2019/20

Source: Reuters
Date of Publication: October 6th, 2020
Retail sales at IKEA, the world’s biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said on Tuesday.
Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift - WSJ

Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift

By: Annie Gasparro
Source: The Wall Street Journal
Date of Publication: September 1st, 2020
Dunkin’, Smucker, Walgreens among companies shifting discounts from paper to apps.
Amazon reports over 19,000, or 1.44%, of U.S. frontline employees had COVID-19

Amazon reports over 19,000, or 1.44%, of U.S. frontline employees had COVID-19

By: Jeffrey Dastin
Source: Reuters
Date of Publication: October 1st, 2020
Amazon.com Inc on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of the world’s largest online retailer.
U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 29th, 2020
U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this year.
From one office to 5,000: How remote work could reshape a company’s sustainability goals

From one office to 5,000: How remote work could reshape a company’s sustainability goals

By: Yasmin Gagne
Source: Fast Company
Date of Publication: September 30th, 2020
With fewer employees coming into the office after the COVID-19 pandemic, companies may have to rethink their environmental footprint.
Fashion designer Gareth Pugh poses for a photograph in front of his creations, exhibited ahead of his London Fashion Week show in London, Wednesday, Sept. 16, 2020. (Photo by Vianney Le Caer/Invision/AP)

End of the runway? Fashion world mulls post-COVID future

By: Sylvia Hui
Source: The Associated Press
Date of Publication: September 18th, 2020
It’s the September fashion week season, and in any other year London would be abuzz with fashionistas zipping across town in Mercedes Benzes, hobnobbing with celebrities at glittering catwalk shows before sipping champagne at late-night parties.
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Walmart Is Offering Home Covid-19 Testing Kits by Drone

By: Lisa Lacy
Source: Adweek
Date of Publication: September 22nd, 2020
Trials are beginning in Nevada and New York.
Another 870,000 workers filed for jobless benefits last week

Another 870,000 workers filed for jobless benefits last week

By: Eli Rosenberg
Source: Washington Post
Date of Publication: September 24th, 2020
Another 870,000 new applications for unemployment insurance were processed last week, a slight increase from the week before, as unemployment claims remain stubbornly high six months into the pandemic.